Investment by NRIs/OCBs/PIOs in the shares of Indian Companies - आरबीआई - Reserve Bank of India
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
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