FIIs/FPIs can now invest from 24 per cent to 36 per cent under PIS in M/s Cera Sanitaryware Limited - ਆਰਬੀਆਈ - Reserve Bank of India
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ਪ੍ਰਕਾਸ਼ਿਤ ਤਾਰੀਖ ਫ਼ਰਵਰੀ 03, 2017
FIIs/FPIs can now invest from 24 per cent to 36 per cent under PIS in M/s Cera Sanitaryware Limited
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) can now invest from 24% to 36 per cent of the paid up capital of M/s Cera Sanitaryware Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that M/s Cera Sanitaryware Limited has passed necessary resolutions at its Board of Directors’ level and a special resolution by its general body agreeing for enhancing the limit from 24% to 36%. The Reserve Bank has notified this under FEMA 1999. Ajit Prasad Press Release : 2016-2017/2087 |
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