Investment by FIIs under PIS : M/s. IVRCL Assets & Holdings Limited - ஆர்பிஐ - Reserve Bank of India
Investment by FIIs under PIS : M/s. IVRCL Assets & Holdings Limited
The Reserve Bank of India today notified that M/s. IVRCL Assets & Holdings Limited has agreed to enhance the limit for the purchase of its equity shares, preference shares (mandatorily and fully convertible) and debentures (mandatorily and fully convertible) by foreign institutional investors (FIIs), through the primary market and stock exchanges, under the portfolio investment scheme (PIS) up to 49 per cent of its total paid up capital. The company has passed a resolution at the Board of Directors' level and a special resolution to this effect by the shareholders. FIIs can now purchase under the portfolio investment scheme through the primary market and stock exchanges, equity shares, preference shares (mandatorily and fully convertible) and debentures (mandatorily and fully convertible) of M/s. IVRCL Assets & Holdings Limited, provided :
Sabeeta Badkar Press Release : 2010-2011/1133 |