The purchases could be made through primary market and stock exchanges
Mumbai: The Reserve Bank of India has advised that foreign institutional investors (FIIs) can now invest upto 74 per cent of the paid up capital of M/s Hexa Tradex Limited under the Portfolio Investment Scheme.
The Reserve Bank has stated that the company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs.
The purchases could be made through primary market and stock exchanges and would be subject to Regulation 5(2) of FEMA Notification No.20 dated May 03, 2000 (as amended from time to time) and other terms and conditions stipulated by the Reserve Bank.
( Source : dc )
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