Investment by NRIs/OCBs/PIOs in share of Indian companies - আরবিআই - Reserve Bank of India
Investment by NRIs/OCBs/PIOs in share of Indian companies
The Reserve Bank of India on January 7, 2000, has notified that the restriction placed on the purchase of shares of the following companies on behalf of non-resident Indians (NRIs)/overseas corporate bodies (OCBs) and persons of Indian origin (PIOs) is withdrawn. The Reserve Bank has stated that the percentage of investment to the paid up capital of these companies by NRIs/OCBs and PIOs has gone below the permitted limit of 8 per cent of their paid up capital.
1. M/s. Nalco Chemicals India Limited
2. M/s. South India Shipping Corporation Limited
Rupambara Padhi
Manager
Press Release : 1999-2000/883
Monitoring of Investments in Companies
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Click here for regulations relating to ceilings on FII/NRI/OCB/PIO investments Click here to know how the Reserve Bank of India monitors the ceilings Click here for the public sector banks in which 18% investment limit is reached |
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