INDIA: Foreign Investment up to 49% permitted in Ms Inox Leisure Ltd

Thursday September 22 2016

The Reserve Bank of India (RBI) has issued an announcement stating that Foreign Institutional Investors (FIIs) / Registered Foreign Portfolios Investors (RFPIs) are now permitted to invest up to 49 per cent of the paid up capital of M/s Inox Leisure Limited under the Portfolio Investment Scheme (PIS), which had a 24% limit previously.

RBI has stated that the company has passed a resolution agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs. The purchases can be made through primary markets and stock exchanges.

Please click the link at the top of the page for the announcement.