Investments by NRIs under PIS

The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in the following companies by Non Resident Indian (NRIs) under Portfolio Investment Scheme (PIS) in the primary/secondary markets have reached the trigger limit. Hence, these companies have been included in the ban list of the Reserve Bank of India for purchase of equity shares by NRIs. Accordingly, no further purchases of shares of these company would be allowed through stock exchanges in India on behalf of NRIs.

1. M/s. Goldcrest Finance (India) Limited (rbi.org.in/scripts/BS_FiiUSer.aspx#Goldcrest)
2. M/s. Sabero Organics Gujarat Limited (rbi.org.in/scripts/BS_FiiUSer.aspx#Sabero)

Ajit Prasad
Assistant General Manager

Press Release : 2011-2012/756