Press Releases

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Date : Dec 24, 2014
Monitoring of Foreign Investment under PIS in Indian Companies-Incorporation in Caution List - FIIs/RFPIs : M/s Gujarat State Fertilizers & Chemicals Ltd.

The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in M/s Gujarat State Fertilizers & Chemicals Ltd.  has reached the trigger limit. Therefore, 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: 2014-2015/1322


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