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Date : Jul 05, 2016
Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Caution List M/s Equitas Holdings Limited

The Reserve Bank of India has today notified that the aggregate foreign shareholding through American Depository Receipts (ADR)/ Global Depository Receipts (GDR)/ Foreign institutional Investors (FIIs)/ Registered Foreign Portfolios Investors (RFPIs)/ Foreign Direct Investment (FDI)/ Non-Resident Indians (NRI)/ Persons of Indian Origin (PIOs) in M/s Equitas Holding Limited has reached the trigger limit. 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 Adviser

Press Release : 2016-2017/49

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