ess Trust of India / Mumbai March 14, 2005
| Reserve Bank of India (RBI) today said foreign institutional investors (FIIs), non-resident Indians (NRIs) and Persons of Indian Origin (PIO) will need to take prior permission to invest in the equity shares of Bharti Tele-ventures. According to an official release issued today, investments in Bharti has reached the trigger limit of 48% of the paid-up capital of the company. The central bank, in another release, has also notified that no further shares of Punjab National Bank (PNB) can be purchased by FIIs/NRIs/PIO as the holdings have hit the limit of 20% of paid-up capital of PNB. |
