Press Releases

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Date : Dec 14, 2009
Investment by FIIs/NRIs under PIS : Dhanalakshmi Bank Limited

The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs) can now purchase equity shares of Dhanalakshmi Bank Limited, through primary/secondary markets and stock exchanges in India. The purchases can be made up to the total limit of percentages, mentioned below, of the paid up capital of the company subject to the condition that aggregate foreign investment in the bank should not exceed the composite sectoral cap of 74% and as prescribed by the Government from time to time, as it has passed resolutions to this effect at the Board of Directors'/ Annual General Meetings.

 i) Foreign Institutional Investors (FIIs)                       49%
ii) Non-Resident Indians (NRIs)                                 24%

Ajit Prasad
Manager

Press Release : 2009-2010/843


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