• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money
Moneycontrol

Home » News » Markets » Market news

Feb 17, 2017, 08.18 AM | Source: PTI

Foreign investors can now buy more HDFC Bank equity

Foreign investors can now buy more shares in HDFC Bank as the Reserve Bank has removed restrictions imposed on it with immediate effect.

Like this story, share it with millions of investors on M3

Foreign investors can now buy more HDFC Bank equity

Foreign investors can now buy more shares in HDFC Bank as the Reserve Bank has removed restrictions imposed on it with immediate effect.

Post Your Comments

Share Cancel

| 1 Comments
Foreign investors can now buy more HDFC Bank equity
Foreign investors can now buy more shares in HDFC Bank as the Reserve Bank of India has removed restrictions imposed on it with immediate effect.

The aggregate foreign shareholding through ADR/GDR/FIIs/FPIs/FDI/NRIs/PIOs in HDFC Bank have gone below the prescribed limit stipulated under the extant FDI Policy, RBI said in a notification.

"Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect," RBI said.

FIIs, NRIs and PIOs (Persons of Indian Origin) can invest in primary and secondary capital markets in India through portfolio investment scheme (PIS).

RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis and has fixed the cut-off points two percentage points below the actual ceiling.

Till the quarter ended December 31, 2016, promoter shareholding in the bank was at 26.09 per cent.

Stock of HDFC Bank today closed 0.37 per cent higher at Rs 1327.35 on BSE.

In a separate notification, Reserve Bank said it has included Capital Small Finance Bank and Equitas Small Finance Bank in schedule of RBI Act, 1934.

Buy, Hold, Sell ? Hear it first on M3
Foreign investors can now buy more HDFC Bank equity

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login