Press Releases

PDF document (43 kb)
Date : Mar 06, 2009
Investment by FIIs under PIS : M/s. International Conveyors Limited
 

The Reserve Bank of India today notified that M/s. International Conveyors Limited has agreed to enhance the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs) up to 74 per cent of its total paid up capital. The company has passed a resolution at the board of directors' level and a special resolution by its shareholders to do so.

Foreign Institutional Investors can now purchase under the Portfolio Investment Scheme through primary market and stock exchanges, equity shares and convertible debentures of M/s. International Conveyors Limited provided :

(i) The total purchases of all FIIs does not exceed the applicable overall ceiling limits of 74% of total paid-up equity capital and total paid-up value of each series of convertible debentures, of the company.

(ii) The purchases of equity shares by a single FII/SEBI approved sub-account of a registered FII in the company does not exceed 10% (Ten per cent) of the paid-up equity capital of the company.
 
 
Alpana Killawala
Chief General Manager
Press Release : 2008-2009/1453

2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Archives
Server 214
Top