FIIs can pick upto 49% stake in 2 Cos
RBI notified that FIIs can purchase equity shares and debentures of upto 49% of the paid up capital.
By PTI |
MUMBAI: The Reserve Bank of India (RBI) on Monday notified that Foreign Institutional Investors (FIIs) can purchase equity shares and debentures of upto 49 per cent of the paid up capital of D S Kulkarni Developers Ltd and Financial Technologies India Ltd.
The FIIs can now purchase under Portfolio Investment Scheme (PIS) equity shares and convertible debentures of the companies through primary markets and stock exchanges, RBI stated in a release.
The two companies in their Board of Directors' and General Body Meetings have passed resolutions to this effect, it added.
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