Skip to main content

MoneyWorks4Me

Foreign investment in Alfa Transformers reaches trigger limit

11 Apr 2014 Evaluate

Reserve Bank of India has notified that the foreign share holding in Alfa Transformers by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 8%. Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India.

Alfa Transformers produces Electrical Distribution & Power Transformers ranging from 10KVA, 12KV Class to Transformers of 10 MVA, 36 KV Class.

Peers
Company Name CMP
Waaree Energies 2391.00
Apar Industries 16003.25
Havells India 1067.00
Suzlon Energy 37.41
Siemens 3497.85
View more..