The Reserve Bank of India today notified that M/s IDFC limited has agreed to decrease the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs), through primary market and stock exchanges under the Portfolio Investment Scheme (PIS) up to 48 per cent of the paid up capital. Earlier limit for such investments in M/s IDFC Limited was 50 per cent. M/s IDFC Limited has passed resolutions at the Board of Directors' level and a special resolution by the shareholders, agreeing for decreasing the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs).

Further, Reserve Bank advised that M/s IDFC Limited will remain included in the ban list for FIIs/RFPIs.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/681