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

(151 kb)

Date : Oct 13, 2017

FIIs/FPIs investment under PIS - Incorporation in Caution List – M/s Manpasand Beverages Ltd.

The Reserve Bank of India has today notified that the foreign shareholding through Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) in M/s Manpasand Beverages Ltd. has reached the trigger limit. Hence further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/1042

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