The Reserve Bank of India (RBI) has advised that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49% of the paid up capital of Diamond Power Infrastructure under the Portfolio Investment Scheme.
The company has passed resolutions at its board of directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs. The purchases could be made through primary market and through stock exchanges and would be subject to FEMA Notification (as amended from time to time) and other terms and conditions stipulated by the Reserve Bank.
Diamond Power Infrastructure is engaged in five business verticals--cables (low, high and extra high voltage), conductors, transformers, towers and various EPC projects-- where it undertakes planning, designing and commissioning of turnkey transmission and distribution projects.
| Company Name | CMP |
|---|---|
| Polycab India | 7959.10 |
| KEI Industries | 4838.80 |
| RR Kabel Ltd. | 1431.75 |
| Finolex Cables | 968.70 |
| Precision Wire India | 391.75 |
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