Investment by NRIs/OCBs/PIOs in Shares of Indian companies - ஆர்பிஐ - Reserve Bank of India
Investment by NRIs/OCBs/PIOs in Shares of Indian companies
The Reserve Bank of India has on January 11, 2001notified that holdings of non-resident Indians (NRIs) / overseas corporate bodies (OCBs) and persons of Indian origin (PIOs) in the following companies, under the portfolio investment scheme has gone below 8 per cent. Non-resident Indians (NRIs) / overseas corporate bodies (OCBs) and persons of Indian origin (PIOs) can, therefore, after obtaining prior clearance of the Reserve Bank of India, purchase equity shares of these companies, through stock exchanges under the portfolio investment scheme (PIS).
- Ion Exchange India Ltd.,
- Bank of Punjab .
P.V. Sadanandan
Asstt. Manager
Press Release : 2000-2001/1005
Monitoring of Investments in Companies
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