Investment by Foreign Institutional Investors - RBI - Reserve Bank of India
Investment by Foreign Institutional Investors
The Reserve Bank of India has advised that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Himachal Futuristic Communications Ltd., up to 30 per cent of their paid up capital through primary and stock exchanges, as the company has passed a resolution at its Board and General Body Meeting to this effect.
Alpana Killawala
General Manager
Press Release : 1999-2000/1173
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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