INDIA: Foreign investment limit raised from 24% to 30% in Ms Aditya Birla Nuvo Ltd.

Tuesday October 25 2016

The Reserve Bank of India (RBI) has published a notification informing Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) that they can under the Portfolio Investment Scheme (PIS) now invest up to 30 per cent of the paid up capital of M/s Aditya Birla Nuvo Ltd. The purchases can be made through primary market and stock exchanges.

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