The Reserve Bank of India has today notified that M/s Selan Exploration Technology Ltd. has been included in the Caution List of Reserve Bank of India [for purchase of equity shares by Non Resident Indians (NRI)/Persons of Indian Origin (PIOs) under the Portfolio Investment Scheme (PIS)]  as the aggregate net purchases of equity shares in M/s Selan Exploration Technology Ltd. by NRIs/PIOs in the primary/secondary markets have reached the trigger limit. Hence, further purchases of equity shares of this company   would be allowed only after obtaining prior approval of the Reserve Bank of India.

Ajit Prasad
Assistant General Manager

Press Release : 2012-2013/2107