Tuesday April 23 2013
News Source: Global Disclosures
Focus: Foreign Investment
Type: General
Country: India
The Reserve Bank of India has announced that M/s Havells India Ltd. has passed resolutions agreeing to enhance the limit for purchase of its equity shares and convertible debentures by India Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme up to 40% of its paid up capital. This is an increase from the previous 24%.
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