Monitoring FIIs investments in Indian companies - RBI - Reserve Bank of India
Monitoring FIIs investments in Indian companies
The Reserve Bank of India has advised that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of M/s. Maars Software International Ltd. and M/s.Infosys Technologies Ltd. up to 40 and 49 per cent respectively. Both companies have passed resolutions at their Board of Directors ' meetings and Special Resolutions in their General Body meetings agreeing for the purchase of their equity shares and convertible debentures by FIIs up to 40 and 49 per cent respectively of their paid-up capital through primary/secondary markets in India under the Portfolio Investment Scheme.
Alpana Killawala
General Manager
Press Release :2001-2002/15
Monitoring of Investments in Companies
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