Press Releases

(89 kb)
Date : Sep 07, 2017
Monitoring of Foreign Investment under PIS in Indian Companies– M/s GTPL Hathway Ltd.-
Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24 % to 49 %

The Reserve Bank of India has today notified that the Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s GTPL Hathway Ltd. has increased from 24% to 49% of its paid up capital. M/s GTPL Hathway Ltd. has passed necessary resolutions of its Board of Directors and General Body as required under the FEMA, 1999 and the regulations framed thereunder. The increase is subject to regulation 5(2) and 5 (2A) of Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 dated May 03, 2000, as amended from time to time, and the onus of compliance with the limits prescribed for the company is on the company.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/665


2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Archives
Server 214
Top