Press Releases

PDF document (367 kb)
Date : Sep 08, 2016
FIIs/RFPIs can now invest up to 100 per cent under PIS in M/s Crompton Greaves Consumer Electricals Limited

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M/s Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS).

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/RFPIs. The purchases could be made through primary market and stock exchanges and would be subject to Regulation 5(2) of FEMA Notification No.20/2000-RB 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.

Anirudha D. Jadhav
Assistant Manager

Press Release: 2016-2017/632


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