Investment in Indian companies


Regulations

Foreign Institutional Investors (FIIs), Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest in the primary and secondary capital markets in India through the portfolio investment scheme (PIS). Under this scheme, FIIs/NRIs can acquire shares/debentures of Indian companies through the stock exchanges in India.

The ceiling for overall investment for FIIs is 24 per cent of the paid up capital of the Indian company and 10 per centfor NRIs/PIOs. The limit is 20 per cent of the paid up capital in the case of public sector banks, including the State Bank of India.

The ceiling of 24 per cent for FII investment can be raised up to sectoral cap/statutory ceiling, subject to the approval of the board and the general body of the company passing a special resolution to that effect. And the ceiling of 10 per cent for NRIs/PIOs can be raised to 24 per cent subject to the approval of the general body of the company passing a resolution to that effect.

The ceiling for FIIs is independent of the ceiling of 10/24 per cent for NRIs/PIOs.

The equity shares and convertible debentures of the companies within the prescribed ceilings are available for purchase under PIS subject to:

- the total purchase of all NRIs/PIOs both, on repatriation and non-repatriation basis, being within an overall ceiling limit of (a) 24 per cent of the company's total paid up equity capital and (b) 24 per cent of the total paid up value of each series of convertible debenture; and

- the investment made on repatriation basis by any single NRI/PIO in the equity shares and convertible debentures not exceeding five per cent of the paid up equity capital of the company or five per cent of the total paid up value of each series of convertible debentures issued by the company.

Monitoring Foreign Investments

The Reserve Bank of India monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis. For effective monitoring of foreign investment ceiling limits, the Reserve Bank has fixed cut-off points that are two percentage points lower than the actual ceilings. The cut-off point, for instance, is fixed at 8 per cent for companies in which NRIs/ PIOs can invest up to 10 per cent of the company's paid up capital. The cut-off limit for companies with 24 per cent ceiling is 22 per cent and for companies with 30 per cent ceiling, is 28 per cent and so on. Similarly, the cut-off limit for public sector banks (including State Bank of India) is 18 per cent.

Once the aggregate net purchases of equity shares of the company by FIIs/NRIs/PIOs reach the cut-off point, which is 2% below the overall limit, the Reserve Bank cautions all designated bank branches so as not to purchase any more equity shares of the respective company on behalf of FIIs/NRIs/PIOs without prior approval of the Reserve Bank. The link offices are then required to intimate the Reserve Bank about the total number and value of equity shares/convertible debentures of the company they propose to buy on behalf of FIIs/NRIs/PIOs. On receipt of such proposals, the Reserve Bank gives clearances on a first-come-first served basis till such investments in companies reach 10 / 24 / 30 / 40/ 49 per cent limit or the sectoral caps/statutory ceilings as applicable. On reaching the aggregate ceiling limit, the Reserve Bank advises all designated bank branches to stop purchases on behalf of their FIIs/NRIs/PIOs clients. The Reserve Bank also informs the general public about the `caution’ and the `stop purchase’ in these companies through a press release.

The current list of companies allowed to attract investments from FIIs/NRIs/PIOs with their respective ceilings is:

List of companies

List of companies which have raised the ceiling from 10% in respect of NRIs investments under PIS (w.e.f. November 29, 2010)

Upto 24%

1 Alembic Chemical Works Co. Ltd.
2 Amar Investments Ltd., Calcutta.
3 Anglo- India Jute Mills Co. Ltd.
4 Arvind Mills, Ahmedabad.
5 Ashima Syntex Ltd, Ahmedabad.
6 Ashoka Viniyoga Ltd.
7 Bharat Nidhi Ltd.
8 BLB Shares & Financial Services Ltd
9 BPL Ltd.
10 Burr Brown (India) Ltd
11 Camac Commercial Company Ltd.
12 Ceenik Exports (India) Ltd.
13 Cifco Finance Ltd., Mumbai.
14 Classic Financial Services & Enterprises Ltd, Calcutta.
15 CPPL Ltd, (Reliance Ind. Infrastructure Ltd) Mumbai.
16 Crest Communication Ltd.
17 CRISIL
18 DCM Ltd.
19 DCM Shriram Consolidated Ltd.
20 Dharani Sugars & Chemicals Ltd
21 Dolphin Offshore Enterprises ( I ) Ltd.
22 Emco Ltd.
23 Essar Oil Ltd.
24 Essar Shipping Ltd., B’lore
25 Essar Steel Ltd.
26 Eveready Industries India Ltd.
27 Fabworth (I) Ltd.
28 Federal Bank Ltd.
29 Ferro Alloys Corporation Ltd., Tumsar.
30 Gammon India Ltd
31 Grasim Industries Ltd.
32 GTL Ltd.(formerly Global Tele-Systems Ltd.)
33 GTL Infrastructure Ltd
34 Hamco Mining & Smelting Ltd.
35 HCL Infosystems Ltd.
36 HEG Ltd
37 Hindustan Development Corp. Ltd, Calcutta.
38 Hindustan Nitroproducts (Gujarat) Ltd.
39 Hindustan Transmission Products Ltd., Mumbai
40 HMG Industries Ltd., Mumbai.
41 Housing Development and Infrastructure Limited
42 Indiabulls Real Estate Ltd.
43 India bulls Securities Ltd.
44 Indiabulls Financial Services Ltd
45 Indiabulls Power Limited (formerly Sophia Power Company Limited)
46 Igarashi Motors India Ltd
47 IVP Ltd
48 Jagatjit Industries Ltd,
49 Jai Parabolic Springs Ltd.
50 Jaysynth Dyechem Ltd.
51 Jindal Strips Ltd.
52 Jindal Iron & Steel Co. Ltd.
53 Jindal Saw Limited (formerly Saw Pipes Limited)
54 JJ Spectrum Silk Ltd.
55 Kartjikeya Paper & Boards Ltd.
56 K Sera Sera Productions Ltd
57 Lakhani India Ltd.
58 M.P. Agro Fertilisers Ltd., Bhopal.
59 Macleod Russel (I) Ltd.
60 Matsushita Television and Audio India Ltd.
61 Max India Ltd
62 Mazda Enterprises Ltd., Mumbai.
63 Media Video Ltd.
64 Monnet Ispat & Energy Limited
65 Multimetals Ltd., Mumbai
66 Neha International Limited.
67 National Steel Industries Ltd.
68 Nicholas Laboratories India Ltd., Mumbai.
69 Networth Stock Broking Limited
70 Nava Bharat Ventures Limited
71 O.P. Electronics Ltd., Mumbai.
72 Oriental Housing Development Finance Corp. Ltd.
73 Pabacea Biotec Ltd.
74 Padmini Technologies Ltd.
75 Pearl Polymers Ltd., New Delhi.
76 Piramal Healthcare Ltd.
77 PNB Finance & Industries Ltd
78 Rajath Leasing & Finance Ltd.
79 Rajesh Exports Limited
80 Rama Petrochemicals Ltd.
81 Rama Phosphates Ltd.
82 Reliance Industries Ltd., Mumbai.
83 Rishra Investment Ltd., Calcutta
84 Rossell Industries Ltd., Calcutta.
85 Sahu Properties Ltd
86 Sanghvi Movers Ltd
87 Saurashtra Paper & Board Mills Ltd.
88 Sayaji Hotel Ltd.
89 SB & T International Ltd
90 Sharyans Resources Ltd.
91 Shanti Gears Ltd.
92 Shibir India Ltd., Calcutta
93 Shrenuj & Company Ltd.
94 Shriram Industries Enterprises Ltd., N. Delhi.
95 Silverline Industries Ltd.
96 Sonata Software Ltd.
97 SRF Ltd.
98 Sterling Lease Finance Ltd., Mumbai.
99 Sujana Metal Products Ltd
100 Svam Software Ltd.
101 Synthetics and Chemicals Ltd., Mumbai.
102 Shrenuj & Company Limited
103 The Champdany Industries Ltd., Calcutta.
104 The Dhanalakshmi Bank Limited
105 The Dharamsi Morarji Chemical Co. Ltd .
106 The Investment Trust of India Ltd.
107 The Morarjee Goculdas Spinning & Weaving Co Ltd, Mumbai.
108 Tolani Bulk Carrier Ltd.
109 Unitech Limited.
110 Uniworth International Ltd.
111 Vaibhav Gems Ltd.
112 Valecha Engineering Ltd.
113 VisualSoft Technologies Ltd.
114 Weltermann International Ltd.
115 Woolworth (India) Ltd.
116 Yes Bank Ltd.
117 Zora Pharma Ltd.
118 M/s. Redington(India) Ltd.(w.e.f. 29.11.2010)
119 M/s. Compuage Infocom Limited (w.e.f. 4.3.2011)
120 M/s. Kitex Garments Limited (w.e.f. 8.7.2011)
121 M/s Indiabulls Wholesale Services Ltd (w.e.f. 26.08.2011)
122 M/s Gitanjali Gems Ltd ( wef 16.09.2011)
123 Everonn Education Limited ( w.e.f 6.1.2012)
124 Indiabulls Infrastructure and Power Ltd ( w.e.f. 20.1.2012)
125 M/s Crew B.O.S. Products Limited (w.e.f. 16-1-2013)
126 M/s. Indiabulls Housing Finance Limited(w.e.f.19.03.2013)
127 M/s. Shilchar Technologies Limited(w.e.f. 20.03.2013)
128 M/s. Parekh Aluminex Limited (w.e.f.16.07.2013)
129 M/s. Ess Dee Aluminium Limited (w.e.f. 09.12.2013)
130 M/s. Finkurve Financial Services Limited (w.e.f. 13.12.2013)
131 M/s. NHC Foods Limited (w.e.f. 07.01.2014)
132 M/s. Greycells Education Limited (w.e.f. 11.03.2014)
133 M/s. Aurionpro Solutions Limited (w.ef.30.06.2014)
134 M/s. Selan Exploration Technology Limited (w.e.f.04.12.2014)
135 M/s. Zicom Electronic Security System Limited (w.e.f.19.03.2015)
136 M/s. Deccan Gold Mines Ltd (w.e.f.24.03.2015)
137 M/s TV Today Network Ltd (w.e.f. 02/12/2015)
138 M/s TRANSWARRANTY FINANCE LIMITED (w.e.f. 06.01.2016)

Upto 17%

1 Garware Shipping Corporation Ltd.

LIST OF COMPANIES IN WHICH NRI INVESTMENT IS ALLOWED UPTO LIMITS FIXED BY COMPANIES AS INDICATED AGAINST THEIR NAMES

1 Zen Technologies Limited (4% w.e.f. 13.03.2015)
2 Dynamatic Technologies Limited (1% w.e.f. 17.03.2015)
3 M/s Pipavav Defence and Offshore Engineering Limited (2% w.e.f. 17.11.2015)
4 M/s Ujjivan Financial Services Limited (10% w.e.f. 09.05.2016)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 30% OF THEIR PAID UP CAPITAL UNDER PIS

1 Asian Paints (India) Ltd
2 Capital Trust Ltd
3 Divi’s Laboratories Ltd
4 Ferro Alloys Corporation Ltd
5 Garware Polyester Ltd
6 GIVO Ltd (formerly KB & T Ltd)
7 Orchid Chemicals and Pharmaceuticals Ltd
8 Penta Soft Tec(Pentafour Communications Ltd)
9 Polyplex Corporation Ltd
10 Ranbaxy Laboratories Ltd
11 Shasun Chemicals Ltd
12 Sonata Software Ltd
13 The Paper Products Ltd
14 Vikas WSP Ltd
15 Power Grid Corporation of India Limited (w.e.f. 03.02.2014)
16 Dabur India Limited (w.e.f. 10.02.2014)
17 Oberoi Realty Limited (w.e.f. 20.07.2015)
18 The Supreme Industries Limited (w.e.f. 24.09.2015)
19 M/s Petronet LNG Limited (w.e.f. 03.11.2015)
20 M/s Shilpa Medicare Limited (w.e.f. 10.12.2015)
21 M/s UltraTech Cement Limited (w.e.f. 30.08.2016)
22 M/s Motherson Sumi Systems Limited (w.e.f.27.09.2016)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 40% OF THEIR Paid Up Capital

1 Adlabs Films Ltd.
2 Aftek Infosys Ltd.
3 Balaji Telefilms Ltd.
4 Bharat Forge Ltd
5 Burr Brown (India )Ltd
6 Cipla Ltd.
7 Elbee Services Ltd
8 Gujarat Ambuja Cements Ltd
9 HEG Ltd
10 Jindal Steel & Power Ltd
11 Jyoti Structures Ltd
12 Maars Software International Ltd
13 Mount Everest Mineral Water Ltd
14 Padmini Technologies Ltd.
15 Rajasthan Spinning & Weaving Mills Ltd
16 Rico Auto Industries Ltd.
17 Shanti Gears Ltd.
18 Silverline Technologies Ltd. Voltamp Transformers Limited(wef 26-09-2012)
19 Suven Life Sciences Ltd.
20 The India Cements Ltd.
21 The Indian Hotels Company Ltd
22 Thiru Arooran Sugars Ltd.
23 UTV Software Communications Ltd
24 Visual Soft Technologies Ltd.
25 Ways India Ltd.
26 Shemaroo Entertainment Limited (w.e.f. 24.02.2012)
27 Radico Khaitan Limited (w.e.f. 06.02.2013)
28 Havells India Ltd (w.e.f. April 23, 2013, updated from earlier limit of 24%)
29 PI Industries Limited (w.e.f. 13.09.2013)
30 R Systems International Limited (w.e.f. 14.11.2013)
31 Kajaria Ceramics Limited (w.e.f. 09.12.2013)
32 Marico Kaya Enterprises Limited (w.e.f. 03.09.2014)
33 City Union Bank Limited (w.e.f. 25.09.2014, revised from earlier limit of 35%)
34 M/s Edelweiss Financial Sevices Limited (w.e.f. Nov 05, 2014)
35 M/s HSIL Limited (w.e.f.29.04.2015)
36 M/s Somany Ceramics Limited (w.e.f. 22.05.2015)
37 M/s Adani Ports & Special Economic Zone Limited (w.e.f. 01.06.2015)
38 M/s Godrej Consumer Products (w.e.f 28.08.2015)
39 M/s Ashok Leyland Limited (w.e.f 03.09.2015)
40 M/s Maruti Suzuki India Limited (w.e.f 14.09.2015)
41 M/s Panyam Cements & Mineral Industries Limited (w.e.f. 26.02.2016)
42 M/s J.Kumar Infraprojects Ltd (w.e.f. 01.08.2016)
43 M/s Hindustan Petroleum Corporation Ltd (HPCL) (w.e.f. 05.08.2016)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 49% OF THEIR Paid Up Capital

1 Alok Industries
2 Auribindo Pharma Ltd.
3 Arvind Mills Ltd
4 Balakrishna Industries Ltd
5 Blue Dart Express Ltd
6 CRISIL
7 Digital GlobalSoft Ltd.
8 Dr. Reddy’s Laboratories Ltd.
9 D. S. Kulkarni Developers Ltd.
10 Federal Bank Ltd.
11 Financial Technologies (I) Ltd
12 HDFC Bank Ltd
13 Himachal Futuristic Communications Ltd.
14 Hindustan Lever Ltd.
15 Hughes Software Ltd.
16 ICICI Bank Ltd.
17 Ind-Swift Laboratories Ltd.
18 Karnataka Bank Ltd.
19 LIC Housing Finance Ltd.
20 Marksans Pharma Ltd.
21 Mahindra & Mahindra Ltd.
22 Mastek Ltd
23 Max India Ltd
24 McDowell & Co Ltd
25 NIIT Ltd.
26 NIIT Technologies Ltd.
27 Panacea Biotec Ltd.
28 Reliance Capital Ltd.
29 Reliance Energy Ltd.
30 Reliance Industries Ltd.
31 Reliance Petroleum Ltd.
32 SB & T International Ltd.
33 Sadbhav Engineering Limited
34 S. Kumars Nationwide Ltd
35 Soffia Software Ltd
36 Strides Arcolabs Ltd
37 Sun Pharmaceutical Industries Ltd.
38 Swaraj Mazda Ltd
39 The South Indian Bank Ltd
40 The Dhanalakshmi Bank Limited
41 SPANCO Limited
42 United Breweries Ltd
43 UTI Bank Ltd.
44 Vimta Labs Ltd.
45 Wockhardt Ltd.
46 Welspun India Ltd (w.e.f. 10.02.2010)
47 IndusInd Bank Limited (w.e.f. 26-11-2012)
48 IRB Infrastructure Developers Ltd (w.e.f. 05.02.2013)
49 DEN Networks Limited (w.e.f. 27.06.2013)
50 Mahindra Lifespace Developers Limited (w.e.f.22.08.2013, Updated from earlier limit of 30%)
51 Page Industries Limited(w.e.f.30-10-2013)
52 HCL Technologies Limited (revised from earlier limit of 30% w.e.f.31-10-2013)
53 Magma Fincorp Limited (w.e.f. 13.12.2013)
54 NHC Foods Limited (w.e.f.07.01.2014)
55 Manappuram Finance Limited (w.e.f.07.03.2014)
56 Greycells Education Limited (w.e.f 11.03.2014)
57 M/S Idea Cellular (w.e.f. 13.06.2014)
58 Diamond Power Infrastructure Ltd (w.e.f. 14.08.2014)
59 Persistent Systems Limited (w.e.f. 14.10.2014)
60 Repco Home Finance Limited (w.e.f. 17.10.2014)
61 Hero MotoCorp Ltd (Hero Honda Motors Ltd)(w.e.f. 28.10.2014)
62 Tree House Education & Accessories Limited (w.e.f. 18.12.2014)
63 Bajaj Corp Limited (w.e.f. 05.01.2015)
64 Bharti Infratel Limited (w.e.f. 18.02.2015)
65 Time Technoplast Ltd (w.e.f. 09.03.2015)
66 Eicher Motors Limited (w.e.f. 15.04.2015)
67 GSS Infotech Limited (w.e.f. 20.04.2015)
68 M/s Glenmark Pharmaceuticals Limited (w.e.f. 19.05.2015)
69 M/s Gammon Infrastructure Projects Limited (w.e.f 27.05.2015)
70 M/s Kaveri Seed Company Limited (w.e.f. 12.06.2015)
71 M/s Eveready Industries India Ltd (w.e.f. 29.09.2015)
72 The Prestige Estate Projects Limited (w.e.f.09.11.2015)
73 M/s V- Mart Retail Ltd (w.e.f.23.12.2015)
74 M/s SITI Cable Network Limited (w.e.f. 04.01.2016)
75 M/s PC Jewellers Limited (w.e.f. 28.01.2016)
76 M/s SeQuent Scientific Limited (w.e.f.11.03.2016)
77 M/s Equitas Holdings Ltd.
78 M/s Ujjivan Financial Services Limited (w.e.f 09/05/2016)
79 M/s Bharat Petroleum Corporation Ltd (w.e.f. 08.06.2016)
80 M/s Inox Leisure Ltd (w.e.f. 20.09.2016)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO LIMITS FIXED BY COMPANIES AS INDICATED AGAINST THEIR NAMES

1 Amtek Auto Ltd (74%)
2 Advanta India Limited 49%
3 Amtek India Ltd (74%)
4 Ahmednagar Forgings Ltd (74%)
5 Anant Raj Industries Ltd. (40%)
6 ANG Auto Ltd (49%)
7 Apollo Hospitals (74%)
8 Aptech Ltd (74%)
9 Arshiya International Limited (49%)
10 Ansal Properties Infrastructure Limited (49%)
11 Bhagwati Banquets & Resorts Ltd.
12 Bombay Rayon Fashions Ltd (26%)
13 Bajaj Auto Finance Ltd (30%)
14 Bajaj Hindusthan Limited (74%)
15 Balrampur Chini Mills Ltd (60%)
16 Birla Power Solutions Ltd. (74%)
17 Core Projects & Technologies Ltd.(74%)
18 Cranes Software International Limited (60%)
19 Crest Communication Ltd (50%)
20 CESC Ltd. (49%)
21 CREW B.O.S. Products Ltd. -(49%)
22 DCM Ltd - (49%)
23 Development Credit Bank Ltd. - (49%)
24 Dagger-Forst Tools Ltd. - (74%)
25 Emco Ltd - (49%)
26 Escorts Ltd - (49%)
27 Era Construction (India) Ltd - (40%)
28 Fedders Lloyd Corporation Limited (74%)
29 Ganesh Housing Corporation Ltd.(49%)
(formerly Ganesh Housing Finance Corporation Ltd)
30 Gammon India Ltd - (49%)
31 Garware Offshore Services Ltd-(60%)
32 Great Offshore Limited-(49%)
33 GTL Ltd. – (74%)
34 GTL Infrastructure Ltd. – (74%)
35 Gujarat Pipavav Port Limited (45%) (w.e.f May 29, 2012)
36 HTMT Global Solutions Ltd.-(74%)
37 Hindustan Construction Co Limited – (49%)
38 Hindalco Industries Limited – (40%)
39 Igarashi Motors India Ltd. - (40%)
40 Il & FS Investment Managers Ltd- 74%
41 ICSA (INDIA) Ltd. - (49%)
42 I-Flex Solutions Ltd. (60%)
43 India Nivesh Limited (49%)
44 IDFC Ltd (Infrastructure Development Finance Company Limited) (w.e.f.30.09.2014, 48% revised from earlier limit of 50%)
45 Info Edge (India) Ltd. (50% w.e.f. 01.09.2015, revised from earlier limit of 40%)
46 International Conveyor Limited (74%)
47 IOL Broadband Ltd. - (49%)
48 Jai Corp Ltd. - (49%)
49 Jindal Saw Limited (49%) (formerly Saw Pipes Limited )
50 Jaisal Securities Limited  (50%)
51 Jaiprakash Associates Ltd. (45%)
52 JSW Steel Limited – (49%)
53 Jupiter Bioscience Ltd. - (70%)
54 Kamdhenu Ispat Ltd. (49%)
55 Karuturi Networks limited (74%)
56 KEI Industries Ltd. - (49%)
57 Kotak Mahindra Bank Ltd (40% w.e.f.18.07.2014, updated from earlier limit of 37%)
58 KPIT Technologies Limited(formerly KPIT Cummins Infosystems Limited (80% w.e.f. 13.08.2014) revised from earlier limit of 49%
59 Laxmi Energy & Foods Ltd (Lakshmi Overseas Industries Ltd) (49%)
60 Lloyd Electric & Engineering Ltd (74%)
61 Logix Microsystems Ltd - (74%)
62 Micro Technologies (India) Limited (49%)
63 Maharashtra Seamless Limited (40%)
64 McDowell Holdings Ltd -(49%)
65 Mercator Lines Ltd (70%)
66 Monnet Ispat & Energy Limited (40%)
67 Moser Baer India Ltd (74%)
68 MARG Limited (40%)
69 McLeod Russel India Limited (40%)
70 Network 18 Media & Investments Limited (Formerly Network 18 Fincap Ltd) - 49% (FIIs/NRIs/PIO upto 40%)
71 Neha International Limited (49%)
72 Nagarjuna Construction Company Ltd. (74%)
73 Nava Bharat Ventures Limited (40%)
74 NITCO Tiles Ltd. (60%)
75 Northgate Technologies Ltd (74%)
76 Om Metals Infra projects Ltd.(49%)
77 Opto Circuits (India) Ltd (40%)
78 Paramount Communications Ltd (39%)
79 Patni computers Ltd (74%)
80 Pioneer Investcorp Limited (40%)
81 Pritish Nandy Communications Ltd (60%)
82 Provogue (India) Ltd. (49%)
83 Piramal Healthcare Limited (49%)
84 PTC India Ltd. - (60%)
85 Punjab Tractors Ltd. (64%)
86 PVR Ltd (50%)
87 Pyramid Saimira Theatre Ltd. (40%)
88 M/s. Prime Securities Limited (74%)
89 Parekh Aluminex limited (74%)
90 Precoated Steels Limited (49%)
91 Peninsula Land Limited (40%)
92 Parsvnath Developers Limited (40%)
93 Rajesh Exports Ltd (49%)
94 Rolta India Ltd (75%)
95 Sakthi Sugars Ltd (50%)
96 Sanghvi Movers Ltd.(49%)
97 Satnam Overseas Ltd (51%)
98 Satyam Computer Services Ltd (60%)
99 Shree Renuka Sugars Ltd. – (49%)
100 Sical Logistics Ltd. (49%)
101 Sintex Indiastries Ltd. (74%)
102 Srei Infrastructure Finance Ltd (64%)
103 Subex Systems Ltd. (74%)
104 Sun Pharma Advance Research Company Ltd. (49%)
105 SSI Ltd (74%)
106 SESA GOA Limited (45%)
107 Soma Textiles & Industries Ltd. (74%)
108 Suzlon Energy Limited –(49%)
109 Tata Motors Ltd.(35%)
110 Tata Tea Ltd (35%)
111 The Tata Power Company Ltd (35%)
112 The Jammu & Kashmir Bank Ltd. (40%)
113 Tanla Solutions Ltd. (49%)
114 Temptation Foods Ltd. -(74%)
115 Tourism Finance Corporation of India Ltd (49%)
116 Tulip IT Services Ltd. (40%)
117 Unichem Laboratories Ltd (39%)
118 United Spirits Limited (59%)
119 Vaibhav Gems Ltd (60%)
120 Vakrangee Softwares Ltd. (49%)
121 Venus Remedies Limited- (49%)
122 Voltas Limited (30%)
123 WELSPUN Gujarat Stahl Rohren Limited (49%)
124 Zicom Electronic Security System Ltd (74%)
125 S.E Investments Limited (74% - 28.01.2010)
126 KRBL Limited (49% w.e.f. – March 15, 2010)
127 Su-raj Diamonds and Jewellery Limited (65% w.e.f. 27.10.2010 updated from earlier limit of 49% w.e.f. – March 30,2010)
128 Rei Agro Limited (75% w.e.f.July 7, 2010)
129 Rural Electrification Corporation Ltd (35% w.e.f.30.9.2010).
130 Cox and Kings (India) Limited (74% w.e.f.-October 5, 2010)
131 GMR Infrastructure Limited (35% w.e.f.October 22, 2010)
132 GCV Services Limited (49% w.e.f. December 23, 2010)
133 IVRCL Assets & Holdings Limited (49% w.e.f. 7.2.2011)
134 SVC Resources Ltd. (49% w.e.f. 9.2.2011)
135 Marico Limited (35% w.e.f.25.2.2011)
136 Compuage Infocom Limited (49% w.e.f. 4.3.2011)
137 Lupin Limited (49% w.e.f. 12.02.2015, revised from earlier limit of 33%)
138 Tecpro Systems Limited (49% w.e.f. 6.5.2011)
139 Era Infra Engineering Limited(65% w.e.f. 12.5.2011)
140 VA Tech Wabag Limited (49% w.e.f.16.6.2011)
141 Jubilant FoodWorks Limited ( 55% w.e.f 15.04.2014, revised from earlier limit of 49%)
142 Info-Drive Software limited (49 % w.e.f. 26.08.2011)
143 Gitanjali Gems Ltd ( 50% wef 16.09.2011)
144 Mahindra & Mahindra Financial Services Ltd ( 49 % wef 03.10.2011)
145 Jain Irrigation Systems Limited ( 60% wef 17.10.2011)
146 The Karur Vysya ank Limited ( 40 % w.e.f. 02.01.2014, updated from earlier limit of 35%)
147 Nava Bharat Ventures Ltd (60 % wef 18.11.2011)
148 Polaris Financial Technology Limited (49.90% wef 20.12.2011)
149 SKS Microfinance Limited (74% wef 6.1.2012)
150 Just Dial Limited (75% revised from earlier limit of 49% w.e.f. 27.11.2014)
151 Dewan Housing Finance Corporation Limited (60% wef 02.02.2012)
152 Kavveri Telecom Products Limited (35% wef 09-04-2012)
153 VKS Projects Limited (40% wef 05-09-2012)
154 AIA Engineering Limited (49% w.e.f. 12-09-2012)
155 Shriram City Union Finance Ltd (74% w.e.f.18.07.2013)
156 Tech Mahindra Limited (48% w.e.f. 13.03.2014, updated from earlier limit of 45%)
157 Tata Motors Limited-DVR(‘A’ Type Ordinary Shares(AOS) (75% w. e. f .31-10-2013)
158 Great Eastern Shipping Co. Ltd (33% w.e.f .12.02.2014)
159 Hinduja Foundries Limited (60% w.e.f .02.04..2014)
160 Credit Analysis & Research Limited (74% w.e.f. 05.05.2014)
161 Hexa Tradex Ltd (74% w.e.f .06.05.2014)
162 CMC LTD (35% w.e.f.22.05.2014)
163 Bharti Airtel Limited (74% w.e.f.03.07.2014)
164 Apollo Tyres Limited (45% w.e.f. 01.10.2014)
165 UPL Limited (74% w.e.f.13.10.2014, revised from earlier limit of 49%)
166 M/s Pennar Industries Ltd (35% w.e.f 19.11.2014)
167 M/s CEAT Limited (45% w.e.f 24.11.2014)
168 M/S Veritas (India) Limited (100% w.e.f. 29/01/2015)
169 Container Corporation of India Ltd (34% w.e.f. 05.03.2015 revised from earlier limit of 30%)
170 Zen Technologies Limited (20% w.e.f. 13.03.2015)
171 Dynamatic Technologies Lmited (25% w.e.f. 17.03.2015 revised from earlier limit of 26%)
172 M/s Ipca Laboratories Ltd (35% w.e.f. 22.05.2015)
173 M/s Natco Pharma Limited (31.50% w.e.f. 04.09.2015)
174 M/s Shriram Transport Finance Co. Limited (74% w.e.f. 21.10.2015)
175 M/s Pipavav Defence And Offshore Engineering Limited (12% w.e.f.17.11.2015)
176 M/s TV Today Networks Ltd (26% w.e.f. 01.12.2015)
177 M/s Titan Company Limited (35% w.e.f.10.12.2015)
178 M/s Jubilant Life Science Limited (45% w.e.f. 18.12.2015)
179 M/s Ponni Sugars (Erode) Limited (Aggregate 49% w.e.f. 24.02.2016)
180 M/s Yes bank (74%)
181 M/s Axis Bank (74% w.e.f. 15.07.2016)
182 M/s IDFC Bank Limited (46% w.e.f. 15.07.2016)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO SECTORAL CAP/STATUTORY CEILING OF THEIR PAID UP CAPITAL

1 AZTEC Software and Technology Services Ltd - (100%)
2 Educomp Solutions Limited. –(100%)
3 Gateway Distriparks Ltd - (100%)
4 Geodesic Information Systems Ltd- (100%)
5 Geometric Software Solutions Ltd – (100%)
6 Gujarat NRE Coke Limited -(74%)
7 HCL Infosystems Ltd. – (100%)
8 Hexaware Technologies Ltd – (100%)
9 Housing Development and Infrastructure Limited – (100%)
10 Indiabulls Real Estate Limited –(100%)
11 Indiabulls Financial Services Ltd – (100%)
12 Indiabulls Securities Limited - (100%)
13 Indiabulls Power Limited (100%)
(formerly Sophia Power Company Limited)
14 Infotech Enterprises Limited (100%)
15 Infosys Technologies Ltd. – (100%)
16 IVRCL Infrastructures & Projects Ltd (100%)
17 M/s IIFL Holdings Limited (Formerly India Infoline Limited) (80%)
18 Mascon Global Ltd. – (100%)
19 Mphasis BFL Ltd – (100%)
20 Orbit Corporation Limited (100%)
21 Pentamedia Graphics Ltd.- (100%)
22 Pentasoft Technologies Ltd. – (100%)
23 Prajay Engineers Syndicate Limited – (100%)
24 Punj Lioyd Limited (100%)
25 IFCI Limited. (74%)
26 Reliance Communications Ltd – (74%)
27 Sujana Metal Products Ltd - (100%)
28 Sujana Towers Limited-(100%)
29 Sujana Universal Industries Ltd - (100%)
30 Shrenuj & Company Limited- (100%)
31 Unitech Limited – (100%)
32 Interworld Digital Limited (100%)
33 Shobha Developers Limited (100% - Feb 3, 2010)
34 Everonn Education Ltd. (100% w.e.f.June 4, 2010)
35 Redington (India) Limited (100% w.e.f. November 29, 2010)
36 Indiabulls Wholesale Services Ltd (100% w.e.f August 23, 2011)
37 eClerx Services Limited ( 100% wef December 20, 2011)
38 Indiabulls Infrastructure and Power Ltd (100% w.e.f Jan 20,2011)
39 Housing Development Finance Corporation Limited (100% w.e.f. May 24, 2012)
40 Phoenix Mills Limited( 100% w.e.f. July 27 2012, Revised from earlier limit of 49%)
41 MindTree Limited (100% w.e.f.23-08-2012)
42 Gayatri Projects Limited( 100 %w.e.f. 21-11-2012)
43 Indiabulls Housing Finance Limited (100% w.e.f.19.03.2013)
44 Tara Jewels Limited (100% w.e.f.13.05.2013)
45 Uttam Galva Steels Limited (100% w.e.f.23.05.2013)
46 Ess Dee Aluminium Limited (100% w.e.f.09.12.2013)
47 M/s. Finkurve Financial Services Limited (100% w.e.f. 13.12.2013)
48 M/s. Rasoya Proteins Ltd (100% w.e.f. 05.02.2014)
49 M/s. Zee Entertainment Enterprises Limited (100% w.e.f.02.06.2014) (Revised from earlier limit of 49%)
50 M/s. Aurionpro Solutions Limited (100% w.e.f.30.06.2014)
51 TD Power Systems Limited (100% w.e.f.26.09.2014, revised from earlier limit of 49%)
52 M/S MT Educare Limited (100% w.e.f. 30.09.2014)
53 Crompton Greaves Limited (100% w.e.f. 18.12.2014)
54 M/s Hathway Cable & Datacom Limited (74% w.e.f 26.08.2015)
55 M/s DEN Networks Limited (74% w.e.f 26.10.2015, revised from earlier limit of 49%)
56 M/S TRANSWARRANTY FINANCE LIMITED (100% W.E.F. 06.01.2016)
57 M/s Vertex Securities Limited (100% w.e.f. 02.02.2016)
58 M/s D B Corp Ltd (26% w.e.f. 26/05/2016)
59 M/s Crompton Greaves Consumer Electricals Limited (100% w.e.f. 08.09.2016)

LIST OF PRINT MEDIA COMPANIES IN WHICH FDI / FII INVESTMENT IS ALLOWED

1 Jagran Prakashan -26%
2 Deccan Chronicle Holdings Ltd – 24% (FIIs upto 14%)
3 IBN 18 Broadcast Ltd.-26%

Companies in which overall FII ceiling has reached and no further purchases are allowed
Companies falling under 24 %

1 Voltamp Transformers Limited (wef 26-09-2012)
2 M/s Trent Ltd (w.e.f. 01.09.2016)

Companies falling under 30 %

None

Companies falling under 49% limit

1 M/s Ujjivan Financial Services Ltd

Companies where 38% FII limit has been reached and further purchases are allowed with prior approval of RBI.

None

Companies where 28% FII limit has been reached and further purchases are allowed with prior approval of RBI.

None

Companies where 22% FII limit has been reached and further purchases will be allowed with prior approval of RBI

1 Grasim Industries Limited
2 Gujarat State Fertilizers & Chemicals Ltd (w.e.f. 24-12-2014)
3 M/s Tata Chemicals Limited (w.e.f. 01.03.2016)

Companies where intermediate FII limit has been reached and further purchases will be allowed with prior approval of RBI

None

Companies in which overall FII ceiling has reached and no further purchases are allowed Companies falling under intermediate ceiling as indicated against their names

1

IDFC Limited (52.5%). (w.e.f. 21-02-2014)

Companies in which the Ban limit in respect of maximum permissible foreign holding by FII Investment as stipulated by Government has been reached

None

Companies where NRI/PIO Investment has already reached 10 % and no further purchases can be allowed

1 Chandraprabhu Housing Ltd
2 Coxswain Technology Ltd (Kaveri Biotech Ltd)
3 Dev Sugars Ltd
4 Dharendra Industries Ltd
5 DSQ Biotech Ltd
6 Fintech Communications
7 IQMS Software Ltd
8 Kakatiya Cement Sugar & Industries Ltd
9 SGN Telecom
10 SPL Ltd.
11 Squared Biotech Ltd
12 Goldcrest Finance (India) Limited (w.e.f. 14.11.2011)
13 Khodiyar Industries Limited ( w. e. f. 17-09-2012)
14 Carnation Industries Limited (w.e.f.13.11.2013)
15 Kama Holdings Limited (w.e.f.23.01.2014)
16 Samtel India Ltd (w.e.f.05.03.2014)
17 Pankaj Pplypack Ltd (name as per BSE website) / Pankaj Polypack Ltd (name as confirmed by the company) (w.e.f.09.07.2014)
18 Prajay Engineers Syndicate Ltd (w.e.f.02.09.2014)
19 M/s Creative Merchants Limited (w.e.f. 03.03.2016)

Companies where the NRI investment has reached the trigger point of 8% and further purchases are allowed only with prior permission of RBI

1

Codura Exports Ltd

2 Deccan Cements Ltd
3 Garden Silk Mills Ltd.
4 Nexus Software Ltd
5 Polyplex Corporation Ltd
6 Premier Explosives Ltd
7 Teledata Technology Solutions Limited (w.e.f.05.03.2013)
8 Teledata Informatics Limited (Name changed to: Agnite Education Limited but not incorporated in BSE site) (w.e.f.05.03.2013)
9 Mac Charles (India) Limited (w.e.f. 10-12-2013)
10 Alfa Transformers Ltd (w.e.f.10.04.2014)
11 CHL Ltd (w.e.f.05.06.2014)
12 Tamboli Capital Limited (w.e.f. 24.07.2015)
13 Shyam Telecom Limited (w.e.f. 08.10.2015)
14 M/s Southern Ispat & Energy Ltd (w.e.f. 12.04.2016)

Companies in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investment as stipulated by Government has been reached.

None

Companies in which the Caution limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached.

1 M/s Equitas Holdings Limited (w.e.f. July 05,2016)

Print Media Companies in which the Caution limit in respect of maximum permissible foreign holding including FDI/NRI/PIO/FII Investments as stipulated by Government has reached.

None

Print Media Companies in which the Ban limit in respect of maximum permissible foreign holding including FDI/NRI/PIO/FII Investments as stipulated by Government has reached.

None

Public Sector banks in which 20% limit has been reached and no further investments are permitted

None

Public Sector banks in which 18% caution limit has been reached and further purchases by FIIs/NRIs/PIOs are allowed only with prior permission of RBI

None

Private Sector Banks in which the Caution limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached

1 The South Indian Bank Ltd (w.e.f. 16.09.2016)

Private Sector Banks in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached

1 HDFC Bank Ltd (w.ef. 16.12.2013)

Private Sector Banks in which the Ban limit in respect of FIIs Investment has reached 49%.

None

Further purchases are allowed only with prior permission of RBI.
No further purchases are allowed.

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