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| Exchange Disseminated Time 04/01/2017 13:02:53 | Nandan Denim Ltd has informed BSE that the Reserve Bank of India (RBI) has issued a press release dated January 03, 2017 notifying the increase in investment limits of Foreign Institutional Investors (FIIs) / Registered Foreign Portfolio Investors (RFPIs) from default limit of 24% to 49% of the paid-up share capital of the Company under Portfolio Investment Scheme (PIS).
In view of the same, Foreign Institutional Investors (Flls)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49% of the paid up capital of M/s Nandan Denim Limited (the Company).
A copy of the said RBI Press Release is enclosed. |
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