M/s Multi Commodity Exchange of India Limited raises Foreign Investment limit from 24 percent to 34 percent: RBI - ਆਰਬੀਆਈ - Reserve Bank of India
M/s Multi Commodity Exchange of India Limited raises Foreign Investment limit from 24 percent to 34 percent: RBI
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can under the Portfolio Investment Scheme (PIS) now invest upto 34 per cent of the paid up capital of M/s Multi Commodity Exchange of India Limited. The purchases could be made through primary market and stock exchanges. The Reserve Bank has stated that the company’s Board of Directors’ has passed a resolution and its shareholders have passed a special resolution agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs. The Reserve Bank has notified this under FEMA 1999. Ajit Prasad Press Release: 2016-2017/826 |
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