Reserve Bank of India has notified that the foreign shareholding by Non-Resident Indians (NRIs)/Persons of Indian Origins (PIOs) in Deccan Gold Mines has gone below the revised threshold caution limit. Accordingly, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. The RBI has further notified that the NRIs/PIOs can now invest up to 24 per cent of the paid up capital of Deccan Gold Mines under the Portfolio Investment Scheme.
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 NRI/PIOs.
| Company Name | CMP |
|---|---|
| Coal India | 456.35 |
| NMDC | 88.80 |
| GMDC | 684.70 |
| Sandur Manganese | 241.35 |
| MOIL | 315.65 |
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