Investment by NRIs / OCBs / PIOs in shares of Indian companies - RBI - Reserve Bank of India
Investment by NRIs / OCBs / PIOs in shares of Indian companies
The Reserve Bank of India on April 3, 2001 has notified that Mac Charles India Ltd. has reached the limit of 8% of its paid-up equity capital. No further purchases of shares of Mac Charles India Ltd., should, therefore, be made in the secondary market on behalf of non-resident Indians (NRIs) / overseas corporate bodies (OCBs) and persons of Indian Origin (PIOs).
N.L. Rao
Asst. Manager
Press Release : 2000-01/1365
Monitoring of Investments in Companies
| ||||||||||||||||||||||||||||||||||||||||||||||||
|
Page Last Updated on: null