The Reserve Bank of India (RBI) has withdrawn the restrictions placed on the purchase of shares by FIIs/FPIs of CCL Products (India) with immediate effect and now FIIs/FPIs investment limit under Portfolio Investment Scheme in the company is allowed up to 40%.
Earlier, RBI had approved the resolutions passed at Board of Directors’ level and in Shareholders meeting for increasing the FII/FPI investment limit under Portfolio Investment Scheme from 24% to 40%, of the paid up capital of the company.
CCL Products (India) is engaged in the manufacturing of instant coffee. The company operates through the Coffee and Coffee related products segment.
