Press Releases

PDF document (180 kb)
Date : Oct 01, 2014
Increase in Foreign investment limit in an Indian Company under PIS - M/s Apollo Tyres Limited

The Reserve Bank of India today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs), through primary market and stock exchanges, can now purchase up to 45 per cent of the paid up capital of M/s Apollo Tyres Limited under the Portfolio Investment Scheme (PIS).  M/s Apollo Tyres Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit from 40 per cent to 45 per cent for the purchase of its equity shares and convertible debentures by FIIs/ RFPIs.

The Reserve Bank has notified this under FEMA 1999, regarding raising of aggregate ceiling for investments by FIIs in Indian companies under Portfolio Investment Scheme (PIS).

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/696


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