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Date : Mar 05, 2014
Monitoring of Foreign Investment by NRIs/PIOs under the Portfolio Investment Schemes in Indian Companies - Incorporation in Ban List : M/s Samtel India Ltd

The Reserve Bank of India advise that M/s Samtel India Ltd has been included in the Ban List of the Reserve Bank of India for purchase of equity shares by Non Resident Indians (NRIs)/ Persons of Indian Origin (PIO), as the aggregate net purchases of the equity shares in M/s Samtel India Ltd by NRI/PIOs in the primary /secondary markets has reached the trigger limit. Accordingly, no further purchases of the shares of M/s Samtel India Ltd would be allowed through stock exchanges on behalf of NRI/PIOs

S. K. Gaonkar
Assistant Manager

Press Release: 2013-2014/1757


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