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Investment by FIIs under PIS: Vijaya Bank

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

The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS) on behalf of Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) further purchases should be made of equity shares of Vijaya Bank, through secondary market in India. The Reserve Bank has stated that Vijaya Bank, has gone below the trigger limit of 20% of their paid up capital.

Sourced From: Reserve Bank of India

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