RBI Approves Up To 100% FII Investment In Crompton Greaves
Advertisement
The Reserve Bank of India (RBI ) has allowed foreign institutional investors to invest up to 100% of the paid up capital in Crompton Greaves.
"Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100% of the paid up capital ofCrompton Greaves Limited under the Portfolio Investment Scheme (PIS)," said RBI.
RBI’s permission comes after the company's board of directors and shareholders passed resolutions to increase the limit for the purchase of its equity shares and convertible debentures by FIIs.
FIIs, non-resident Indians and persons of Indian origins (PIOs) are allowed to invest in primary and secondary capital markets in India through precision investment services. RBI oversees FII/NRI/PIO investments in Indian companies on a daily basis. The shares of Crompton Greaves jumped 6% to Rs 190 in today’s morning trade.
Advertisement
Advertisement
"Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100% of the paid up capital of
RBI’s permission comes after the company's board of directors and shareholders passed resolutions to increase the limit for the purchase of its equity shares and convertible debentures by FIIs.
FIIs, non-resident Indians and persons of Indian origins (PIOs) are allowed to invest in primary and secondary capital markets in India through precision investment services. RBI oversees FII/NRI/PIO investments in Indian companies on a daily basis. The shares of Crompton Greaves jumped 6% to Rs 190 in today’s morning trade.
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market