Investment by FIIs under PIS

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Investment by FIIs under PIS

This article was posted on Apr 2, 2008 and is filed under Press Releases

The Reserve Bank of India has today notified that no further purchases of equity shares of the following companies should be made on behalf of Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) through primary/secondary markets in India without obtaining the prior permission of the Reserve Bank. The Reserve Bank has stated that FII investments of these companies have reached the 22 per cent of its paid up capital.

1. Arihant Foundations & Housing Limited.

2. Heritage Foods (India) Limited.

Sourced From: Reserve Bank of India

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