Press Releases

PDF document (170 kb)
Date : Nov 27, 2014
FIIs/RFPIs can now invest up to75 per cent under PIS in M/s Just Dial Limited

The Reserve Bank of India has today advised that foreign institutional investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 75 per cent (revised from earlier limit of 49 per cent) of the paid up capital of M/s Just Dial Limited under the Portfolio Investment Scheme.

The Reserve Bank has stated that the company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs. The purchases could be made through primary market and through stock exchanges and would be subject to Regulation 5(2) of FEMA Notification No.20 dated May 03, 2000 (as amended from time to time) and other terms and conditions stipulated by the Reserve Bank.

The Reserve Bank has notified this under FEMA 1999.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/1088


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