Press Releases

PDF document (48 kb)
Date : Nov 19, 2008
Investment by FIIs under PIS

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares and convertible debentures of the following companies through primary market and stock exchanges in India upto 49 per cent of their paid up capital. These companies have passed resolutions at their Board of Directors' level and Extra-Ordinary General Meeting to this effect.

1. Ganesh Housing Corporation Limited
(Formerly Ganesh Housing Finance Corporation Limited)

2. M/s. Micro Technologies (India) Limited

Ajit Prasad
Manager

Press Release: 2008-2009/722

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