The Reserve Bank of India has notified today that Foreign
Institutional Investors (FIIs) can purchase equity shares and convertible debentures
of the following companies under Portfolio Investment Scheme (PIS) through primary
markets and stock exchanges in India upto the limits of their paid up capital
shown against their names.
The above companies
have passed resolutions at their Board of Directors and Extra-Ordinary General
Meeting to this effect.
Ajit Prasad Manager
Press Release : 2007-2008/1311