Press Releases

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Date : Oct 01, 2007
Investment by FIIs/NRIs/PIOs under PIS

The Reserve Bank of India has notified on October 1, 2007 that Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can now purchase under Portfolio Investment Scheme (PIS) equity shares and convertible debentures of the following companies through primary market and stock exchanges in India upto the limits of their paid up capital shown against their names, as these companies have passed special resolution to this effect at the Board of Directors' and General Body Meetings.

(i) M/s. Northgate Technologies Ltd 74 per cent
(ii) M/s. Vakrangee Softwares Ltd  49 per cent
(iii) M/s. Rajesh Exports Limited  49 per cent

Ajit Prasad
Manager

Press Release :2007-2008/456


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