October 23, 2015

RBI hikes FII limit to 74% in Shriram Transport

The Reserve Bank of India (RBI) has today notified that foreign institutional investors (FIIs) and registered foreign portfolios investors (RFPIs) of Shriram Transport Finance can now invest up to 74% of the paid up capital.

The RBI said, "The foreign shareholding by FIIs/RFPIs in Shriram Transport Finance have gone below the revised threshold limit. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect."

Read more at http://www.myiris.com/newsCentre/storyShow.php?fileR=20151023115332199

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