Reserve Bank of India (RBI) has notified that the foreign shareholding through Non Resident Indians (NRIs) in Shyam Telecom has reached the trigger limit. Accordingly further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI.
Shyam Telecom is a leading global telecom equipment manufacturer supplying innovative indoor and outdoor wireless signal enhancement solutions to more than 100 networks in five continents. The company designs and manufactures cost effective RF repeaters, optical distributed antenna solutions, IP cellular backhaul systems
