Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Edelweiss Financial Services to 40% of its paid-up capital. The company has already 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.
RBI has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 40 per cent of the paid up capital of Edelweiss Financial Services under the Portfolio Investment Scheme.
Edelweiss Financial Services is India’s leading diversified financial services company. It is engaged in the business of investment banking, brokerage services, asset management and financing.
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