Monitoring of Foreign Investment under the Portfolio Investment Schemes in Indian Companies - Removal from the Caution List FIIs/RFPIs - M/s Kotak Mahindra Bank Ltd
July, 11th 2014
The Reserve Bank of India has today notified that the share holdings by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) under Portfolio Investment Scheme in M/s Kotak Mahindra Bank Limited have gone below the prescribed threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect.
The Reserve Bank has also notified that all the approvals received against the said scrip are duly cancelled. Equity shares of M/s Kotak Mahindra Bank Limited can now be purchased through primary market and stock exchanges.