Investment by FIIs under PIS : Matra Realty Ltd
By RBIMonday, March 28, 2011
|
The Reserve Bank of India has today notified that the aggregate share holdings in Matra Realty Ltd. by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) has gone below the prescribed trigger limit. Hence, the company is being removed from the caution list for FII’s investment and the restrictions placed on the purchase of share of the above company are withdrawn with immediate effect. Therefore, the shares of above company can be purchased in the secondary market on behalf of FIIs clients who have obtained permission to invest under the PIS subject to the existing ceilings and guidelines in this regard.
R.R. Sinha Press Release : 2010-2011/1390 |
YOUR VIEW POINT
