Investment by NRIs/OCBs/PIOs in the shares of Indian Companies

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Published on March 06, 2000

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Investment by NRIs/OCBs/PIOs in the shares of Indian Companies

The Reserve Bank of India on March 3, 2000 has notified that Non-resident Indians (NRIs), Overseas Corporate Bodies (OCBs) and Persons of Indian Origin (PIOs) can now purchase equity shares and convertible debentures of the following companies up to 24 per cent of its paid up capital through stock exchanges under the portfolio investment scheme, as the companies have passed resolution at their General Body Meetings to this effect.

1. Svam Software Ltd.
2. Rama Petrochemicals Ltd.

Alpana Killawala
General Manager
Press Release : 1999-2000/1187

Monitoring of Investments in Companies

FII Investment		NRIs/OCBs/PIOs Investment

Not applicable		Click here for companies in which 8 per cent trigger limit is reached

		Click here for companies in which 10 per cent ceiling is reached

Click here for companies in which 22 per cent trigger limit is reached		Click here for companies in which 22 per cent trigger limit is reached

Click here for companies in which 24 per cent ceiling is reached		Click here for companies in which 24 per cent ceiling is reached

Click here for companies in which 28 per cent trigger limit is reached		Not applicable

Click here for companies in which 30 per cent ceiling is reached