Click here to Visit the RBI’s new website

BBBPLogo

Press Releases

PDF document (93 kb)
Date : May 18, 2018
Monitoring of Foreign Investment under PIS in Indian Companies – M/s Parag Milk Foods Ltd.- Increase in NRIs Investment limit under Portfolio Investment Scheme from 10% to 24%

The Reserve Bank of India has today notified that the Non Resident Indians (NRIs) investment limit under Portfolio Investment Scheme in M/s Parag Milk Foods Ltd. has increased from 10% to 24% of its paid up capital. M/s Parag Milk Foods Ltd. has passed necessary resolutions of its Board of Directors and General Body as required under the FEMA, 1999 and the regulations framed thereunder. The increase is subject to regulation 5(3) of Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2017 dated November 07, 2017, as amended from time to time, and the onus of compliance with the limits prescribed for the company is on the company.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/3035


2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Archives
Top