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Tag Archives: Fortis Healthcare

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 »

RBI restricts foreign investors from buying in Fortis Healthcare

The Reserve Bank of India (RBI) has restricted the Foreign Institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs) in Fortis Healthcare as the foreign investors have crossed the overall limit of 24% of paid-up capital of the company. RBI monitors ceilings on FII/NRI/PIO investments in Indian companies on a daily basis. Fortis ... Read More »