Investment by NRIs/OCBs/PIOs In shares of Indian companies - आरबीआई - Reserve Bank of India
Investment by NRIs/OCBs/PIOs In shares of Indian companies
The Reserve Bank of India on August 2, 2000, has notified that non-resident Indians(NRIs) / overseas corporate bodies (OCBs) and persons of Indian origin (PIOs) can now purchase in the secondary market equity shares of the following companies upto 8 per cent of their paid up capital under the portfolio investment scheme, as the holdings of NRIs / OCBs / and PIOs have gone down below 8 per cent.
- Asian Star Co.
- Padmini Polymers Lted.
P V Sadanandan
Assistant Manager
Press Release:2000-2001/178
Monitoring of Investments in Companies
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