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Date : Feb 25, 2014
Monitoring of Foreign Investment under the PIS in Indian Companies - Incorporation in Ban List : M/s V-Mart Retail Ltd

The Reserve Bank of India today notified that the foreign share holding through Foreign Institutional Investors (FIIs) in M/s V-Mart Retail Ltd. has crossed the overall limit of 24 per cent of its paid-up capital. Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of Foreign Institutional Investors.

Ajit Prasad
Assistant General Manager

Press Release : 2013-2014/1705


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