UltraTech Cement gets RBI nod to hike FII stake to 30%

31 Aug 2016

UltraTech Cement has received an approval from the Reserve Bank of India (RBI), whereby the apex bank has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 30% of the paid up capital of the company under the Portfolio Investment Scheme (PIS).

The purchases could be made through primary market and stock exchanges and would be subject to Regulation and other terms and conditions stipulated by the Reserve Bank.

UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies strength, reliability and innovation.

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