Investment by NRIs/PIOs under PIS : M/s. Kitex Garments Limited - ஆர்பிஐ - Reserve Bank of India
Investment by NRIs/PIOs under PIS : M/s. Kitex Garments Limited
The Reserve Bank of India today notified that M/s. Kitex Garments 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 Non Resident Indians (NRIs) / Person of Indian Origin (PIOs), through the primary market and stock exchanges, under the portfolio investment scheme (PIS) up to 24 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. Kitex Garments Limited , provided :
Ajit Prasad Press Release : 2011-2012/50 |