Monitoring FIIs investment in Indian companies

ALSO READ See latest News about Mah and Mah See previous management interviews See what other Experts & Brokerages are saying about Mah and Mah Mah and Mah BSE | NSE 10/02/12 Are Mutual Funds betting on Mah and Mah? Other Stocks in this news S Kumars Nationwide | Opto Circuits India |

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