The Reserve Bank of India on April 26, 1999 has notified that the restriction placed on the purchase of shares of M/s. National Steel Industries Ltd., on behalf of NRIs/OCBs/PIOs is withdrawn. The Reserve Bank has stated that the percentage of investment to the paid up capital of M/s. National Steel Industries Ltd., by non-resident Indians (NRIs)/overseas corporate bodies (OCBs)/persons of Indian origin (PIOs) has gone below the permitted limit of 8 per cent. It will, therefore, be it order now to purchase the shares of the company in the secondary market on behalf of NRIs/OCBs/PIOs, who have obtained the permission of the Reserve Bank under the portfolio investment scheme, subject to the existing ceilings/guidelines.