Reserve Bank of India (RBI) has increased foreign investment limit in Nandan Denim from 24% to 49% of paid-up capital. The central bank has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49% of the paid up capital of the company under the Portfolio Investment Scheme (PIS). The company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit to 49% for the purchase of its equity shares by FIIs/RFPIs. The purchases could be made through primary market and stock exchanges.
Nandan Denim is an India-based denim manufacturer. The Company's products include shirting fabrics, engineered khakis and denim home.
| Company Name | CMP |
|---|---|
| Welspun Living | 190.45 |
| Vardhman Textiles | 602.85 |
| Arvind | 544.15 |
| K.P.R. Mill | 1136.10 |
| Raymond Lifestyle | 709.70 |
| View more.. | |
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Name of the IA registered
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The Alchemists Ark Pvt. Ltd. |
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Logo:
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Trade/Brand
Name of IA: |
MoneyWorks4Me Investment Advisers |
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Brand Logo:
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SEBI Registration Number:
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INA000013323 Validity – May 16, 2019 – Perpetual |
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Registration:
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Non-Individual |
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BSE Enlistment No:
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1187 |
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Address:
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B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045 |
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Telephone: +919860359463 Address: Same as IA |
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