The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS) investors can now purchase equity shares and convertible debentures of M/s Unitech Limited, through primary markets and stock exchanges in India upto the limits as stated below:
(i)
FII investment limit upto
100 per cent
(ii)
NRI/PIO investment limit upto
24 per cent
The company has passed resolutions to this effect at the Board of Directors' and the Extra-Ordinary General Meetings.
G. Raghuraj Deputy General Manager
Press Release :2007-2008/653