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RBI increases FII limit in Nandan Denim to 49%

04 Jan 2017 Evaluate

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.

Nandan Denim Share Price

2.54 0.03 (1.20%)
12-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
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Arvind 494.70
K.P.R. Mill 1068.55
Page Industries 38655.75
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