Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs)/ registered foreign portfolios investors (FPIs) invest up to 30 per cent of the paid-up capital of Petronet LNG under the portfolio investment scheme. The RBI has notified permitting fresh purchases by FIIs/RFPIs in Petronet LNG, as their holdings fell below the threshold limit.
Foreign investors currently hold 22.45 per cent stake in the company. They can buy shares through the primary markets as well as stock exchanges.
Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.
