| The Reserve Bank of India has
today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional
Investors (FIIs) can now purchase equity shares and convertible debentures of
M/s. NITCO Tiles Limited, through primary markets and stock exchanges in India.
The purchases can be made upto 49 per cent of the paid up capital of the company,
as it has passed resolutions to this effect at the Board of Directors' and the
Extra-Ordinary General Meetings.
Ajit
Prasad
Manager Press
Release : 2007-2008/168 |