FOREIGN EXCHANGE MANAGEMENT

With the transition to a market-based system for determining the external value of the Indian rupee the foreign exchange market in India gained importance in the early reform period.

Press Release

(152 kb)

Date : May 24, 2017

Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Ban List–M/s Fortis Healthcare Ltd

The Reserve Bank of India has today notified that the foreign shareholding by Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in M/s Fortis Healthcare Ltd has crossed the overall limit of 24% 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 (FIIs)/Foreign Portfolio Investors (FPIs).

Ajit Prasad
Assistant Adviser

Press Release: 2016-2017/3165

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