The Reserve Bank of India has notified on February 19, 2007 that Foreign Institutional Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity shares and convertible debentures of Bombay Rayon Fashions Ltd., through primary markets and stock exchanges in India upto 40 per cent of its paid up capital, as the company has passed resolutions to this effect at the Board of Directors' and Extra-Ordinary General Meeting.