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The Reserve Bank of India has notified on August 25, 2006 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares and convertible debentures of the following companies through primary markets and stock exchanges in India upto the limits of their paid up capital shown against their names, as these companies have passed resolutions to this effect at their Board of Directors' and General Body Meetings.
1. Mahindra & Mahindra Ltd. - 35 per cent
2. Opto Circuits (India) Ltd. - 40 per cent
3. S.Kumars Nationwide Ltd. - 49 per cent
Sourced From: Reserve Bank of India
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