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Thursday, Mar 30, 2006

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FIIs can buy shares in ADAG cos

Our Bureau

Mumbai, March 29

The foreign institutional investment limit in certain Reliance group companies has fallen below the caution limit. Therefore, FIIs can purchase the shares in the secondary market under the portfolio investment scheme, said Reserve Bank of India in a press release.

The investments would be subject to the existing ceilings and guidelines in this regard, said RBI.

The companies are Reliance Capital Venture, Reliance Communication Venture, Reliance Energy Venture and Reliance Natural Resources.

More Stories on : Foreign Institutional Investors | Reliance Energy Ltd

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