Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can under the Portfolio Investment Scheme (PIS) now invest up to 30% of the paid up capital of Aditya Birla Nuvo. The company’s Board of Directors has passed a resolution and its shareholders have passed a special resolution agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs. The purchases could be made through primary market and stock exchanges.
Aditya Birla Nuvo is a $4.4 billion conglomerate operating in the services and the manufacturing sectors, where it commands a leadership position. Its service sector businesses include Financial Services, Fashion & Lifestyle and Telecom.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2777.75 |
| DCM Shriram | 1200.00 |
| 3M India | 31548.55 |
| Hindustan Foods | 496.85 |
| Balmer Lawrie & Co | 177.65 |
| View more.. | |
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