Nandan Denim gets RBI approval for hike in foreign investment limit

From 24% to 49%

Nandan Denim announced that the Reserve Bank of India (RBI) has issued a press release dated 03 January 2017 notifying the increase in investment limits of Foreign Institutional Investors (FIIs) / Registered Foreign Portfolio Investors (RFPIs) from default limit of 24% to 49% of the paid-up share capital of the Company under Portfolio Investment Scheme (PIS).

In view of the same, Foreign Institutional Investors (Flls)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49% of the paid up capital of Nandan Denim (the Company).

Powered by Capital Market - Live News