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India Economy: 
Investment by FIIs,NRIs, PIOs under PIS
Author: 123jump.com Staff
123jump.com
Last Update: 1:36 AM EST January 25 2005


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The Reserve Bank has stated that Television Eighteen-India Ltd., has reached the trigger limit of 26 per cent of its paid up capital. So notification is that that no further purchases of equity shares of Television Eighteen India Ltd.,should be made without the prior permission of the Reserve Bank.

 
January 25, 2005

Television Eighteen India Ltd. : Investment by FIIs/NRIs/PIOs under PIS

The Reserve Bank of India on January 25, 2005 has notified that no further purchases of equity shares of Television Eighteen India Ltd., should be made on behalf of Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Person Indian Origins (PIOs) under Portfolio Investment Scheme (PIS) in Indian companies through Stock Exchange/s in India without the prior permission of the Reserve Bank. The Reserve Bank has stated that Television Eighteen-India Ltd., has reached the trigger limit of 26 per cent of its paid up capital.

Ajit Prasad
Manager

Press Release: 2004-2005/781
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