Press Releases

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Date : Jun 05, 2014
Monitoring of Foreign Investment by NRIs/PIOs under PIS in Indian Companies : M/s CHL Ltd. in Caution List

The Reserve Bank of India has today notified that the foreign share holding in M/s CHL Ltd. by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 8 per cent. Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India.

Ajit Prasad
Assistant General Manager

Press Release : 2013-2014/2365


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