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Invt by FIIs-Monitoring of overall ceiling: Kalindee Rail

This article was posted on Mar 4, 2008 and is filed under Press Releases

The Reserve Bank India has today notified that no further purchases of shares of M/s Kalindee Rail Nirman (Engineers) Limited, should be made on behalf of Foreign Institutional Investors (FIIs) through stock exchanges in India under Portfolio Investment Scheme (PIS). The Reserve Bank of India has stated that the aggregate share holding of M/s Kalindee Rail Nirman (engineers) Limited, has reached the overall limit of 24 per cent of its paid up capital.

Sourced From: Reserve Bank of India

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