The Reserve Bank of India has today notified that the foreign shareholding through Non-Resident Indians (NRIs) in M/s Asian Hotels (West) Ltd. has crossed the limit of 10 per cent of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through Stock Exchanges in India on behalf of NRIs.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/302