The Reserve Bank of India has today notified that no further purchases of shares of the M/s. BFL Software Ltd., Gujarat Ambuja Cements Ltd. and Satyam Computers Services Ltd. should be made on behalf of foreign institutional investors (FIIs) without obtaining prior clearance of the Reserve Bank. The holdings by FIIs in M/s. BFL Software LTD., has reached the alert level of 22 per cent of its paid up capital and those in M/s. Gujarat Ambuja Cements Ltd. and Satyam Computers Services Ltd. 28 per cent of their paid up capital.

The Reserve Bank of India has also withdrawn the restriction placed on the purchase of shares of M/s. Penta Media Graphics Ltd. The percentage of FII investments to the paid up capital of this company has gone below the alert level of 28 per cent.