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Date : Apr 20, 2016
Monitoring of Foreign Investment under the PIS in Indian Companies - GDR/ADR/FDI/FIIs/RFPIs/NRIs/PIOs : M/s Equitas Holdings Limited

The Reserve Bank of India has today notified that the aggregate investment ceiling in M/s Equitas Holdings Ltd. for Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) under Portfolio Investment Scheme shall remain at 24 per cent; Non-Resident Indians (NRI) at 10 per cent and total foreign investment from all sources i.e. Global Depository Receipts (GDR)/American Depository Receipts (ADR)/Foreign Direct Investment (FDI)/Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) shall not exceed 49 per cent.

The Reserve Bank has notified this under FEMA 2000.

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/2458


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