Investment by FIIs/NRIs/PIOs under PIS : M/s. Redington (India) Limited - ਆਰਬੀਆਈ - Reserve Bank of India
Investment by FIIs/NRIs/PIOs under PIS : M/s. Redington (India) Limited
The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs) can invest upto 100 per cent and Non Resident Indians (NRIs)/Person of Indian Origin (PIOs) upto 24 per cent of the total paid up capital of M/s. Redington (India) Limited. The purchases can be made through primary market and stock exchanges under the Portfilio Investment Scheme (PIS). The revised FII limit of upto 100 per cent and NRI/PIO upto 24 per cent are within the overall 100 per cent FDI limit applicable to the company. M/s. Redington (India) Limited has passed a resolution at its board of directors' level and through resolution by postal ballot to this effect. The enhancements in the limits are subject to the following conditions :
Ajit Prasad Press Release : 2010-2011/752 |