The
Reserve Bank of India has notified on February 20, 2007 that Foreign Institutional
Investors (FIIs) can now purchase under Portfolio Investment Scheme (PIS) equity
shares and convertible debentures of Tanla Solutions Ltd., through primary markets
and stock exchanges in India upto 49 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. Ajit
Prasad Manager Press
Release : 2006-2007/1126 |