Investment by FII/NRIs/PIOs under PIS : Indusind Bank Ltd.
By RBITuesday, February 1, 2011
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The Reserve Bank of India has today notified that the aggregate share holdings by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) in Indusind Bank Ltd. have gone below the prescribed threshold limit stipulated under the FDI Policy. Therefore, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of Reserve Bank of India.
J.D. Desai Press Release : 2010-2011/1099 |
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