Investment by Foreign Institutional Investors - RBI - Reserve Bank of India
Investment by Foreign Institutional Investors
The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Global Tele Systems Ltd., up to 40 per cent of its paid up capital through primary and secondary markets in India. The company has passed a resolution at its Board of Directors' and General Body Meetings for purchase of its equity shares and convertible debentures by FIIs upto 40% of its paid-up capital through primary/secondary markets in India.
P. V. Sadanandan
Asstt. Manager
Press Release : 1999-2000/1498
Monitoring of Investments in Companies
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