Adani Ports and Special Economic Zone Ltd.

Reserve Bank of India (RBI) has allowed foreign investors to invest up to 40% of the paid up capital in Adani Ports and Special Economic Zone (APSEZ) under the Portfolio Investment Scheme (PIS).

The decision came after passage of a resolution at the company’s Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of APSEZ’s equity shares and convertible debentures by FIIs/RFPIs. The purchases can be made through the primary market and stock exchanges.

As of March 31, 2015, foreign investors held 18.63% in the company. FIIs, NRIs and PIOs (Persons of Indian Origins) can invest in primary and secondary capital markets in India through PIS. The RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis and has fixed the cut-off points two percentage points lower than the actual ceiling.

Adani Ports and Special Economic Zone is the country's largest private multi-port operator and part of the Adani Group, a global integrated infrastructure player.