RBI-Monitoring of Foreign Investment under the PIS in Indian Companies - Removal from the caution list - GDR/ADR/FDI/NRI/PIO/FII/RFPIs: M/s Induslnd Bank Ltd
September, 07th 2015
The Reserve Bank of India has today notified that the aggregate share holdings in M/s Induslnd Bank Limited by Non-Resident Indians (NRI) /Persons of Indian Origin (PIO)/Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPIs) and through Global Depository Receipts (GDR)/American Depository Receipts (ADR)/Foreign Direct Investment (FDI) in the primary/secondary markets 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 Hence the restrictions placed on the purchase of shares of the above bank are withdrawn with immediate effect.
The Reserve Bank also notified that the equity shares of M/s Induslnd Bank Limited can now be purchased through primary market and stock exchanges.
The Reserve Bank has notified this under FEMA 2000.