Ozg Regulatory Consultant
Ozg Center, New Delhi & Mumbai
Phone # 09811415831-37-61-72-84-92-94
Website: Regulatory.in
Email: regulatory.consultant@ozg.co.in
Regulations
Foreign
Institutional Investors (FIIs), Non-Resident Indians (NRIs), and Persons of Indian
Origin (PIOs) are allowed to invest in the primary and secondary capital markets
in India through the portfolio investment scheme (PIS). Under this scheme, FIIs/NRIs
can acquire shares/debentures of Indian companies through the stock exchanges
in India.
The ceiling for overall investment for FIIs is 24 per cent of the paid up capital of the Indian company and 10 percent for NRIs/PIOs. The limit is 20 per cent of the paid up capital in the case of public sector banks, including the State Bank of India.
The ceiling for overall investment for FIIs is 24 per cent of the paid up capital of the Indian company and 10 percent for NRIs/PIOs. The limit is 20 per cent of the paid up capital in the case of public sector banks, including the State Bank of India.
The ceiling of 24 per cent for FII investment can be raised up to sectoral cap/statutory ceiling, subject to the approval of the board and the general body of the company passing a special resolution to that effect. And the ceiling of 10 per cent for NRIs/PIOs can be raised to 24 per cent subject to the approval of the general body of the company passing a resolution to that effect.
The
ceiling for FIIs is independent of the ceiling of 10/24 per cent for NRIs/PIOs.
The
equity shares and convertible debentures of the companies within the prescribed
ceilings are available for purchase under PIS subject to:
- the total purchase of all NRIs/PIOs both, on repatriation and non-repatriation basis, being within an overall ceiling limit of (a) 24 per cent of the company's total paid up equity capital and (b) 24 per cent of the total paid up value of each series of convertible debenture; and
- the total purchase of all NRIs/PIOs both, on repatriation and non-repatriation basis, being within an overall ceiling limit of (a) 24 per cent of the company's total paid up equity capital and (b) 24 per cent of the total paid up value of each series of convertible debenture; and
-
the investment made on repatriation basis by any single NRI/PIO in the equity
shares and convertible debentures not exceeding five per cent of the paid up equity
capital of the company or five per cent of the total paid up value of each series
of convertible debentures issued by the company.
Monitoring
Foreign Investments
The
Reserve Bank of India monitors the ceilings on FII/NRI/PIO investments in Indian
companies on a daily basis. For effective monitoring of foreign investment ceiling
limits, the Reserve Bank has fixed cut-off points that are two percentage points
lower than the actual ceilings. The cut-off point, for instance, is fixed at 8
per cent for companies in which NRIs/ PIOs can invest up to 10 per cent of the
company's paid up capital. The cut-off limit for companies with 24 per cent ceiling
is 22 per cent and for companies with 30 per cent ceiling, is 28 per cent and
so on. Similarly, the cut-off limit for public sector banks (including State Bank
of India) is 18 per cent.
Once the aggregate net purchases of equity shares of the company by FIIs/NRIs/PIOs reach the cut-off point, which is 2% below the overall limit, the Reserve Bank cautions all designated bank branches so as not to purchase any more equity shares of the respective company on behalf of FIIs/NRIs/PIOs without prior approval of the Reserve Bank. The link offices are then required to intimate the Reserve Bank about the total number and value of equity shares/convertible debentures of the company they propose to buy on behalf of FIIs/NRIs/PIOs. On receipt of such proposals, the Reserve Bank gives clearances on a first-come-first served basis till such investments in companies reach 10 / 24 / 30 / 40/ 49 per cent limit or the sectoral caps/statutory ceilings as applicable. On reaching the aggregate ceiling limit, the Reserve Bank advises all designated bank branches to stop purchases on behalf of their FIIs/NRIs/PIOs clients. The Reserve Bank also informs the general public about the `caution’ and the `stop purchase’ in these companies through a press release.
Once the aggregate net purchases of equity shares of the company by FIIs/NRIs/PIOs reach the cut-off point, which is 2% below the overall limit, the Reserve Bank cautions all designated bank branches so as not to purchase any more equity shares of the respective company on behalf of FIIs/NRIs/PIOs without prior approval of the Reserve Bank. The link offices are then required to intimate the Reserve Bank about the total number and value of equity shares/convertible debentures of the company they propose to buy on behalf of FIIs/NRIs/PIOs. On receipt of such proposals, the Reserve Bank gives clearances on a first-come-first served basis till such investments in companies reach 10 / 24 / 30 / 40/ 49 per cent limit or the sectoral caps/statutory ceilings as applicable. On reaching the aggregate ceiling limit, the Reserve Bank advises all designated bank branches to stop purchases on behalf of their FIIs/NRIs/PIOs clients. The Reserve Bank also informs the general public about the `caution’ and the `stop purchase’ in these companies through a press release.
The
current list of companies allowed to attract investments from FIIs/NRIs/PIOs with
their respective ceilings is:
List
of companies
List of companies
which have raised the ceiling from 10% in respect of NRIs investments under PIS (w.e.f. November 29, 2010)Upto 24%
1
|
Alembic
Chemical Works Co. Ltd.
|
2
|
Amar
Investments Ltd., Calcutta.
|
3
|
Anglo-
India Jute Mills Co. Ltd.
|
4
|
Arvind
Mills, Ahmedabad.
|
5
|
Ashima
Syntex Ltd, Ahmedabad.
|
6
|
Ashoka
Viniyoga Ltd.
|
7
|
Bharat
Nidhi Ltd.
|
8
|
BLB
Shares & Financial Services Ltd
|
9
|
BPL
Ltd.
|
10
|
Burr
Brown (India) Ltd
|
11
|
Camac
Commercial Company Ltd.
|
12
|
Ceenik
Exports (India) Ltd.
|
13
|
Cifco
Finance Ltd., Mumbai.
|
14
|
Classic
Financial Services & Enterprises Ltd, Calcutta.
|
15
|
CPPL
Ltd, (Reliance Ind. Infrastructure Ltd) Mumbai.
|
16
|
Crest
Communication Ltd.
|
17
|
CRISIL
|
18
|
DCM
Ltd.
|
19
|
DCM
Shriram Consolidated Ltd.
|
20
|
Dharani
Sugars & Chemicals Ltd
|
21
|
Dolphin
Offshore Enterprises ( I ) Ltd.
|
22
|
Emco
Ltd.
|
23
|
Essar
Oil Ltd.
|
24
|
Essar
Shipping Ltd., B’lore
|
25
|
Essar
Steel Ltd.
|
26
|
Eveready
Industries India Ltd.
|
27
|
Fabworth
(I) Ltd.
|
28
|
Federal
Bank Ltd.
|
29
|
Ferro
Alloys Corporation Ltd., Tumsar.
|
30
|
Gammon
India Ltd
|
31
|
Grasim
Industries Ltd.
|
32
|
GTL
Ltd.(formerly Global Tele-Systems Ltd.)
|
33
|
GTL
Infrastructure Ltd
|
34
|
Hamco
Mining & Smelting Ltd.
|
35
|
HCL
Infosystems Ltd.
|
36
|
HEG
Ltd
|
37
|
Hindustan
Development Corp. Ltd, Calcutta.
|
38
|
Hindustan
Nitroproducts (Gujarat) Ltd.
|
39
|
Hindustan
Transmission Products Ltd., Mumbai
|
40
|
HMG
Industries Ltd., Mumbai.
|
41
|
Housing Development and Infrastructure Limited
|
42
|
Indiabulls
Real Estate Ltd.
|
43
|
India
bulls Securities Ltd.
|
44
|
Indiabulls
Financial Services Ltd
|
| 45 | Indiabulls Power Limited (formerly Sophia Power Company Limited) |
46
|
Igarashi
Motors India Ltd
|
47
|
IVP
Ltd
|
48
|
Jagatjit
Industries Ltd,
|
49
|
Jai
Parabolic Springs Ltd.
|
50
|
Jaysynth
Dyechem Ltd.
|
51
|
Jindal
Strips Ltd.
|
52
|
Jindal
Iron & Steel Co. Ltd.
|
53
|
Jindal Saw Limited (formerly Saw Pipes Limited)
|
54
|
JJ
Spectrum Silk Ltd.
|
55
|
Kartjikeya
Paper & Boards Ltd.
|
56
|
K
Sera Sera Productions Ltd
|
57
|
Lakhani
India Ltd.
|
58
|
M.P.
Agro Fertilisers Ltd., Bhopal.
|
59
|
Macleod
Russel (I) Ltd.
|
60
|
Matsushita
Television and Audio India Ltd.
|
61
|
|
62
|
Mazda
Enterprises Ltd., Mumbai.
|
63
|
Media
Video Ltd.
|
64
|
Monnet
Ispat & Energy Limited
|
65
|
Multimetals
Ltd., Mumbai
|
66
|
Neha International Limited.
|
67
|
National
Steel Industries Ltd.
|
68
|
Nicholas
Laboratories India Ltd., Mumbai.
|
69
|
Networth Stock Broking Limited
|
70
|
Nava Bharat Ventures Limited
|
71
|
O.P.
Electronics Ltd., Mumbai.
|
72
|
Oriental
Housing Development Finance Corp. Ltd.
|
73
|
Pabacea
Biotec Ltd.
|
74
|
Padmini
Technologies Ltd.
|
75
|
Pearl
Polymers Ltd., New Delhi.
|
76
|
Piramal
Healthcare Ltd.
|
77
|
PNB
Finance & Industries Ltd
|
78
|
Rajath
Leasing & Finance Ltd.
|
79
|
Rajesh
Exports Limited
|
80
|
Rama
Petrochemicals Ltd.
|
81
|
Rama
Phosphates Ltd.
|
82
|
Reliance
Industries Ltd., Mumbai.
|
83
|
Rishra
Investment Ltd., Calcutta
|
84
|
Rossell
Industries Ltd., Calcutta.
|
85
|
Sahu
Properties Ltd
|
86
|
Sanghvi
Movers Ltd
|
87
|
Saurashtra
Paper & Board Mills Ltd.
|
88
|
Sayaji
Hotel Ltd.
|
89
|
SB
& T International Ltd
|
90
|
Sharyans
Resources Ltd.
|
91
|
Shanti
Gears Ltd.
|
92
|
Shibir
India Ltd., Calcutta
|
93
|
Shrenuj
& Company Ltd.
|
94
|
Shriram
Industries Enterprises Ltd., N. Delhi.
|
95
|
Silverline
Industries Ltd.
|
96
|
Sonata
Software Ltd.
|
97
|
SRF
Ltd.
|
98
|
Sterling
Lease Finance Ltd., Mumbai.
|
99
|
Sujana
Metal Products Ltd
|
100
|
Svam
Software Ltd.
|
101
|
Synthetics
and Chemicals Ltd., Mumbai.
|
102
|
Shrenuj & Company Limited
|
103
|
The
Champdany Industries Ltd., Calcutta.
|
104
|
The Dhanalakshmi Bank Limited |
105
|
The
Dharamsi Morarji Chemical Co. Ltd .
|
106
|
The
Investment Trust of India Ltd.
|
107
|
The
Morarjee Goculdas Spinning & Weaving Co Ltd, Mumbai.
|
108
|
Tolani
Bulk Carrier Ltd.
|
109
|
Unitech Limited.
|
110
|
Uniworth
International Ltd.
|
111
|
Vaibhav
Gems Ltd.
|
112
|
Valecha
Engineering Ltd.
|
113
|
VisualSoft
Technologies Ltd.
|
114
|
Weltermann
International Ltd.
|
115
|
Woolworth
(India) Ltd.
|
| 116 |
Yes
Bank Ltd.
|
| 117 |
Zora
Pharma Ltd.
|
| 118 |
M/s. Redington(India) Ltd.(w.e.f. 29.11.2010)
|
| 119 |
M/s. Compuage Infocom Limited (w.e.f. 4.3.2011)
|
| 120 | |
| 121 | |
| 122 | |
| 123 | |
| 124 | |
| 125 | |
| 126 | |
| 127 |
Upto 17%
1
|
Garware
Shipping Corporation Ltd.
|
1
|
Asian
Paints (India) Ltd
|
2
|
Capital
Trust Ltd
|
3
|
Container
Corporation of India
|
4
|
Divi’s
Laboratories Ltd
|
5
|
Ferro
Alloys Corporation Ltd
|
6
|
Garware
Polyester Ltd
|
7
|
GIVO
Ltd (formerly KB & T Ltd)
|
8
|
Mahindra
Gesco Developers Ltd
|
9
|
Orchid
Chemicals and Pharmaceuticals Ltd
|
10
|
Penta
Soft Tec(Pentafour Communications Ltd)
|
11
|
Polyplex
Corporation Ltd
|
12
|
Ranbaxy
Laboratories Ltd
|
13
|
Shasun
Chemicals Ltd
|
14
|
Sonata
Software Ltd
|
15
|
The
Paper Products Ltd
|
16
|
Vikas
WSP Ltd
|
| 17 |
LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 40% OF THEIR Paid Up Capital
1
|
Adlabs
Films Ltd.
|
2
|
Aftek
Infosys Ltd.
|
3
|
Balaji
Telefilms Ltd.
|
4
|
Bharat
Forge Ltd
|
5
|
Burr
Brown (India )Ltd
|
6
|
Cipla
Ltd.
|
7
|
Elbee
Services Ltd
|
8
|
Glenmark
Pharmaceuticals Ltd
|
9
|
Gujarat
Ambuja Cements Ltd
|
10
|
HEG
Ltd
|
11
|
Hero
Honda Motors Ltd
|
12
|
Jindal
Steel & Power Ltd
|
13
|
Jyoti
Structures Ltd
|
14
|
Maars
Software International Ltd
|
15
|
Mount
Everest Mineral Water Ltd
|
16
|
Padmini
Technologies Ltd.
|
17
|
Rajasthan
Spinning & Weaving Mills Ltd
|
18
|
Rico
Auto Industries Ltd.
|
19
|
Shanti
Gears Ltd.
|
20
|
Silverline
Technologies Ltd.
|
21
|
Suven
Life Sciences Ltd.
|
22
|
The
India Cements Ltd.
|
23
|
The
Indian Hotels Company Ltd
|
24
|
Thiru
Arooran Sugars Ltd.
|
25
|
UTV
Software Communications Ltd
|
26
|
Visual
Soft Technologies Ltd.
|
27
|
Ways
India Ltd.
|
28
|
|
29
|
|
Apollo Tyres Ltd.(w.e.f. February 14, 2013, updated from earlier limit of 30%)
|
|
Havells India Ltd (w.e.f. April 23, 2013, updated from earlier limit of 24%)
|
LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 49% OF THEIR Paid Up Capital
LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO LIMITS FIXED BY COMPANIES AS INDICATED AGAINST THEIR NAMES
1
|
Amtek
Auto Ltd (74%)
|
2
|
|
3
|
Amtek
India Ltd (74%)
|
4
|
Ahmednagar
Forgings Ltd (74%)
|
5
|
Anant
Raj Industries Ltd. (40%)
|
6
|
ANG
Auto Ltd (49%)
|
7
|
Apollo
Hospitals (74%)
|
8
|
Aptech
Ltd (74%)
|
9
|
|
10
|
|
11
|
Bhagwati Banquets & Resorts Ltd.
|
12
|
|
13
|
|
14
|
|
15
|
|
16
|
|
17
|
|
18
|
Cranes Software International Limited (60%)
|
19
|
Crest
Communication Ltd (50%)
|
20
|
CESC
Ltd. (49%)
|
21
|
CREW
B.O.S. Products Ltd. -(49%)
|
22
|
DCM
Ltd - (49%)
|
23
|
Development
Credit Bank Ltd. - (49%)
|
24
|
Dagger-Forst Tools Ltd. - (74%)
|
25
|
Emco
Ltd - (49%)
|
26
|
|
27
|
|
28
|
|
29
|
|
30
|
Gammon
India Ltd - (49%)
|
31
|
|
32
|
Godrej
Consumer Products Ltd (35%)
|
33
|
|
34
|
GTL
Ltd. – (74%)
|
35
|
GTL
Infrastructure Ltd. – (74%)
|
36
|
|
37
|
|
38
|
Hindustan Construction Co Limited – (49%) |
39
|
Hindalco Industries Limited – (40%) |
40
|
Igarashi
Motors India Ltd. - (40%)
|
41
|
Il
& FS Investment Managers Ltd- 74%
|
42
|
ICSA
(INDIA) Ltd. - (49%)
|
43
|
I-Flex
Solutions Ltd. (60%)
|
| 44 | |
45
|
|
46
|
|
47
|
International Conveyor Limited (74%) |
48
|
IOL
Broadband Ltd. - (49%)
|
49
|
|
50
|
Jindal Saw Limited (49%) (formerly Saw Pipes Limited ) |
51
|
Jaisal Securities Limited (50%) |
52
|
|
53
|
|
54
|
|
55
|
|
56
|
Karuturi
Networks limited (74%)
|
57
|
KEI
Industries Ltd. - (49%)
|
58
|
|
59
|
KPIT Cummins Infosystems Limited (49%) |
60
|
Laxmi
Energy & Foods Ltd (Lakshmi Overseas Industries Ltd) (49%)
|
61
|
Lloyd Electric & Engineering Ltd (74%)
|
62
|
|
63
|
|
64
|
Maharashtra
Seamless Limited (40%)
|
65
|
|
66
|
Mercator
Lines Ltd (70%)
|
67
|
|
68
|
Moser
Baer India Ltd (74%)
|
69
|
MARG Limited (40%)
|
70
|
|
71
|
Network 18 Media & Investments Limited (Formerly Network 18 Fincap Ltd) - 49% (FIIs/NRIs/PIO upto 40%) |
72
|
|
73
|
|
74
|
Nava Bharat Ventures Limited (40%)
|
75
|
|
76
|
|
77
|
Om
Metals Infra projects Ltd.(49%)
|
78
|
Opto
Circuits (India) Ltd (40%)
|
79
|
Paramount
Communications Ltd (39%)
|
80
|
|
81
|
|
82
|
Pritish
Nandy Communications Ltd (60%)
|
83
|
|
84
|
Piramal Healthcare Limited (49%)
|
85
|
PTC
India Ltd. - (60%)
|
86
|
Punjab
Tractors Ltd. (64%)
|
87
|
|
| 88 | |
89
|
M/s. Prime Securities Limited (74%)
|
90
|
Parekh Aluminex limited (74%)
|
91
|
Precoated Steels Limited (49%)
|
92
|
Peninsula Land Limited (40%) |
93
|
Parsvnath Developers Limited (40%) |
94
|
|
95
|
|
96
|
Sakthi Sugars Ltd (50%)
|
97
|
|
98
|
Satnam
Overseas Ltd (51%)
|
99
|
Satyam
Computer Services Ltd (60%)
|
100
|
|
101
|
|
102
|
|
103
|
Srei
Infrastructure Finance Ltd (64%)
|
104
|
Subex
Systems Ltd. (74%)
|
105
|
|
106
|
SSI
Ltd (74%)
|
107
|
SESA GOA Limited (45%)
|
108
|
|
109
|
Suzlon Energy Limited –(49%) |
110
|
Tata
Motors Ltd.(35%)
|
111
|
Tata
Tea Ltd (35%)
|
112
|
The
Tata Power Company Ltd (35%)
|
113
|
|
114
|
|
115
|
|
| 116 | |
| 117 | |
| 118 |
Unichem
Laboratories Ltd (39%)
|
| 119 | United Spirits Limited (59%) |
| 120 |
Vaibhav
Gems Ltd (60%)
|
| 121 | |
| 122 | |
| 123 |
Voltas
Limited (30%)
|
| 124 | |
| 125 |
Zicom
Electronic Security System Ltd (74%)
|
| 126 |
S.E Investments Limited (74% - 28.01.2010)
|
| 127 |
KRBL Limited (49% w.e.f. – March 15, 2010)
|
| 128 | |
| 129 | Hathway Cable & Datacom Limited – (49% w.e.f.-May 21,2010) |
| 130 | Rei Agro Limited (75% w.e.f.July 7, 2010) |
| 131 | Rural Electrification Corporation Ltd (35% w.e.f.30.9.2010). |
| 132 | Cox and Kings (India) Limited (74% w.e.f.-October 5, 2010) |
| 133 | GMR Infrastructure Limited (35% w.e.f.October 22, 2010) |
| 134 | GCV Services Limited (49% w.e.f. December 23, 2010) |
| 135 | IVRCL Assets & Holdings Limited (49% w.e.f. 7.2.2011) |
| 136 | SVC Resources Ltd. (49% w.e.f. 9.2.2011) |
| 137 | Marico Limited (35% w.e.f.25.2.2011) |
| 138 | Compuage Infocom Limited (49% w.e.f. 4.3.2011) |
| 139 | Lupin Limited (33% w.e.f. 28.4.2011) |
| 140 | Tecpro Systems Limited (49% w.e.f. 6.5.2011) |
| 141 | Era Infra Engineering Limited(65% w.e.f. 12.5.2011) |
| 142 | VA Tech Wabag Limited (49% w.e.f.16.6.2011) |
| 143 | Jubilant FoodWorks Limited ( 49 % w.e.f 26.08.2011) |
| 144 | Info-Drive Software limited (49 % w.e.f. 26.08.2011) |
| 145 | Gitanjali Gems Ltd ( 50% wef 16.09.2011) |
| 146 | Mahindra & Mahindra Financial Services Ltd ( 49 % wef 03.10.2011) |
| 147 | Jain Irrigation Systems Limited ( 60% wef 17.10.2011) |
| 148 | The Karur Vysya ank Limited ( 35 % wef 17.10.2011) |
| 149 | Nava Bharat Ventures Ltd (60 % wef 18.11.2011) |
| 150 | Polaris Financial Technology Limited (49.90% wef 20.12.2011) |
| 151 | SKS Microfinance Limited (74% wef 6.1.2012) |
| 152 | Just Dial Limited (49% wef 20.1.2012) |
| 153 | Dewan Housing Finance Corporation Limited (60% wef 02.02.2012) |
| 154 | Kavveri Telecom Products Limited (35% wef 09-04-2012) |
| 155 | VKS Projects Limited (40% wef 05-09-2012) |
| 156 | AIA Engineering Limited (49% w.e.f. 12-09-2012) |
| 157 | HCL Technologies Limited (30% w.e.f.11-10-2012) |
LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO SECTORAL CAP/STATUTORY CEILING OF THEIR PAID UP CAPITAL
1
|
AZTEC
Software and Technology Services Ltd - (100%)
|
2
|
|
3
|
|
4
|
Gateway
Distriparks Ltd - (100%)
|
5
|
Geodesic
Information Systems Ltd- (100%)
|
6
|
Geometric
Software Solutions Ltd – (100%)
|
7
|
|
8
|
HCL
Infosystems Ltd. – (100%)
|
9
|
Hexaware
Technologies Ltd – (100%)
|
10
|
Housing Development and Infrastructure Limited – (100%)
|
11
|
|
12
|
Indiabulls
Financial Services Ltd – (100%)
|
13
|
Indiabulls
Securities Limited - (100%)
|
| 14 | Indiabulls Power Limited (100%)
(formerly Sophia Power Company Limited) |
15
|
Infotech Enterprises Limited (100%)
|
16
|
Infosys
Technologies Ltd. – (100%)
|
17
|
IVRCL
Infrastructures & Projects Ltd (100%)
|
18
|
|
19
|
Mascon
Global Ltd. – (100%)
|
20
|
Mphasis
BFL Ltd – (100%)
|
21
|
Orbit Corporation Limited (100%) |
22
|
Pentamedia
Graphics Ltd.- (100%)
|
23
|
Pentasoft
Technologies Ltd. – (100%)
|
24
|
|
25
|
|
26
|
IFCI
Limited. (74%)
|
| 27 |
Reliance
Communications Ltd – (74%)
|
28
|
Sujana
Metal Products Ltd - (100%)
|
| 29 | |
30
|
Sujana
Universal Industries Ltd - (100%)
|
31
|
Shrenuj & Company Limited- (100%)
|
32
|
|
33
|
Interworld Digital Limited (100%) |
| 34 | Shobha Developers Limited (100% - Feb 3, 2010) |
| 35 | Everonn Education Ltd. (100% w.e.f.June 4, 2010) |
| 36 | Redington (India) Limited (100% w.e.f. November 29, 2010) |
| 37 | Indiabulls Wholesale Services Ltd (100% w.e.f August 23, 2011) |
| 38 | eClerx Services Limited ( 100% wef December 20, 2011) |
| 39 | Indiabulls Infrastructure and Power Ltd (100% w.e.f Jan 20,2011) |
| 40 | Housing Development Finance Corporation Limited (100% w.e.f. May 24, 2012) |
| 41 | Phoenix Mills Limited( 100% w.e.f. July 27 2012, Revised from earlier limit of 49%) |
| 42 | MindTree Limited (100% w.e.f.23-08-2012) |
| 43 | Gayatri Projects Limited( 100 %w.e.f. 21-11-2012) |
| 44 | Indiabulls Housing Finance Limited (100% w.e.f.19.03.2013) |
| 45 | Tara Jewels Limited (100% w.e.f.13.05.2013) |
LIST OF PRINT MEDIA COMPANIES IN WHICH FDI / FII INVESTMENT IS ALLOWED
1
|
Jagran
Prakashan -26%
|
| 2 | Deccan Chronicle Holdings Ltd – 24% (FIIs upto 14%) |
3
|
IBN 18 Broadcast Ltd.-26%
|
Companies
in which overall FII ceiling has reached and no further purchases are allowed Companies
falling under 24 %
Companies falling under 30 %
None
Companies falling under 49% limit
None
Companies where 38% FII limit has been reached and further purchases are allowed with prior approval of RBI.
None
Companies where 28% FII limit has been reached and further purchases are allowed with prior approval of RBI.
None
Companies where 22% FII limit has been reached and further purchases will be allowed with prior approval of RBI
1
|
Grasim Industries Limited |
2
|
GSS Infotech Limited (GSS America Infotech Limited) (w. e. f. 25-9-2012) |
3
|
CMC Ltd (w.e.f.30.04.2013) |
Companies where NRI/PIO Investment has already reached 10 % and no further purchases can be allowed
1
|
Chandraprabhu Housing Ltd
|
2
|
Coxswain Technology Ltd (Kaveri Biotech Ltd)
|
3
|
Dev
Sugars Ltd
|
4
|
Dharendra Industries Ltd
|
5
|
DSQ Biotech Ltd
|
6
|
Fintech
Communications
|
7
|
IQMS Software Ltd
|
8
|
Kakatiya Cement Sugar & Industries Ltd
|
9
|
Madras
Aluminium Co. Ltd.
|
10
|
Rama
Phosphates Ltd
|
11
|
SGN
Telecom
|
12
|
SPL
Ltd.
|
13
|
Squared
Biotech Ltd
|
14
|
Tai
Industries Ltd.
|
15
|
|
16
|
|
17
|
Companies where the NRI investment has reached the trigger point of 8% and further purchases are allowed only with prior permission of RBI
1
|
Codura Exports Ltd |
2
|
Cosmo Films Ltd |
3
|
Dalmia Cement (Bharat) Ltd |
4
|
Deccan Cements Ltd |
5
|
Garden Silk Mills Ltd. |
6
|
Nexus Software Ltd |
7
|
Polyplex Corporation Ltd |
8
|
Premier Explosives Ltd |
9
|
Teledata Technology Solutions Limited (w.e.f.05.03.2013) |
10
|
Teledata Informatics Limited (Name changed to: Agnite Education Limited but not incorporated in BSE site) (w.e.f.05.03.2013) |
Companies in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investment as stipulated by Government has been reached.
| None |
| None |
Print
Media Companies in which the Caution limit in respect of maximum permissible foreign
holding including FDI/NRI/PIO/FII Investments as stipulated by Government has
reached.
| None |
Print Media Companies in which the Ban limit in respect of maximum permissible foreign holding including FDI/NRI/PIO/FII Investments as stipulated by Government has reached.
| None |
| None |
| 1 | Punjab National Bank |
| 2 | Dena Bank |
Private Sector
Banks in which the Caution limit in respect of maximum permissible foreign holding
including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has
reached
| 1 | The South Indian Bank Limited |
Private Sector Banks in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached
| None |
Private
Sector Banks in which the Caution limit in respect of FIIs Investment has reached.
| None |
Private Sector Banks in which the Ban limit in respect of FIIs Investment has reached 49%.
| 1 | Yes Bank Ltd (w.e.f. 04.03.2013) |
Ozg Regulatory Consultant
Ozg Center, New Delhi & Mumbai
Phone # 09811415831-37-61-72-84-92-94
