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Tag Archives: Portfolio Investment Scheme

FIIs can invest up to 40% in Shilpa Medicare

Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/ Foreign Portfolio Investors (FPIs) can now invest from 30% to 40% of the paid up capital of Shilpa Medicare under the Portfolio Investment Scheme (PIS). The company has passed resolutions at its Board of Directors’ level and a ... Read More »

Fortis Healthcare gets nod to enhance ceiling limit for FIIs up to 75%

Fortis Healthcare has received its board’s approval to enhance the ceiling limit on total holdings of FII/SEBI approved sub-accounts of FIIs, FPIs, QFIs, Non Resident Indians (NRIs) and Person of Indian Origin (PIO) under the Portfolio Investment Scheme up to 74% of the paid-up equity capital of the Company. The ... Read More »