Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Caution List - NRIs : M/s Southern Ispat & Energy Limited - RBI - Reserve Bank of India
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Published on April 12, 2016
Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Caution List - NRIs : M/s Southern Ispat & Energy Limited
The Reserve Bank of India has today notified that the foreign shareholding by Non-Resident Indians (NRIs) in M/s Southern Ispat & Energy Limited has reached the trigger limit. Therefore, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India. Ajit Prasad Press Release : 2015-2016/2403 |
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