RBI enhances FII limit in Aurionpro Solutions
01/07/2014 17:42
The Reserve Bank of India said that Foreign Institutional Investors (FIIs) can now purchase under the Portfolio Investment Scheme equity shares and convertible debentures of Aurionpro Solutions. According to the statement, FII can purchase upto 100 per cent of the paid up capital of the company through primary market and stock exchanges. Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can purchase 24 per cent of the paid up capital of the company through primary market and stock exchanges, RBI said in a statement. Aurionpro Solutions Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures.
01/07/2014 17:42
The Reserve Bank of India said that Foreign Institutional Investors (FIIs) can now purchase under the Portfolio Investment Scheme equity shares and convertible debentures of Aurionpro Solutions. According to the statement, FII can purchase upto 100 per cent of the paid up capital of the company through primary market and stock exchanges. Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can purchase 24 per cent of the paid up capital of the company through primary market and stock exchanges, RBI said in a statement. Aurionpro Solutions Limited has passed resolutions at the board of directors' level and a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures.
