Investment by FIIs under Portfolio Investment Scheme - ஆர்பிஐ - Reserve Bank of India
Investment by FIIs under Portfolio Investment Scheme
The Reserve Bank of India today notified that the undernoted companies have agreed to enhance the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs) up to 40 per cent of its total paid up capital. The company has passed resolutions at the board of directors' level and the Annual General Meeting. Foreign Institutional Investors can now purchase under the Portfolio Investment Scheme through primary market and stock exchanges, equity shares and convertible debentures of the companies mentioned below:
(i) the total purchases of all FIIs does not exceed the applicable overall ceiling limits of 40% of total paid-up equity capital and total paid-up value of each series of convertible debentures, of the company, J.D.Desai Press Release: 2009-2010/513 |