Den Networks gets RBI approval for increase in foreign investment limit
Up to 74%
Den Networks has received approval of the Reserve Bank of India (RBI), for increase in foreign investment limit in the company beyond 49% and up-to 74% by Foreign Institutional Investors (FIIs), Non Resident Indians (NRIs), Foreign Portfolio Investors (FPIs) and other eligible foreign investors. The approval is subject to compliance Regulation 5(2) of FEMA Notification No.20/2000 RBI dated 03 May 2000 (as amended from time to time) issued under FEMA, 1999 and conditions specified in FDI Policy circular dated 12 May 2015.Powered by Capital Market - Live News