Investment by FIIs/NRIs/PIOs under PIS : M/s Kavveri Telecom Products LtdBy RBI
Wednesday, November 30, 2011
The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in M/s Kavveri Telecom Products Ltd (www.rbi.org.in/scripts/BS_FiiUSer.aspx#kavveri) . by Foreign Institutional Investors (FIIs)/Non Resident Indian (NRIs)/Persons of Indian Origins (PIOs) in primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit. Therefore, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India.
Press Release : 2011-2012/857