Press Releases

(156 kb)
Date : Jan 12, 2018
Monitoring of Foreign Investment under PIS in Indian Companies– M/s Granules India Ltd.- Increase in FPIs Investment limit under Portfolio Investment Scheme from 24 % to 49 %

The Reserve Bank of India has today notified that the Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/s Granules India Ltd. has increased from 24% to 49% of its paid up capital. M/s Granules India 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) of Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2017 dated November 07, 2017, 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 : 2017-2018/1918


2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Archives
Server 214
Top