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 up to 30 per cent of the paid up capital of M/s Aditya Birla Nuvo Ltd. 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
Assistant Adviser

Press Release : 2016-2017/1013