Saturday, 27 April 2024

 

 

LATEST NEWS Mann's roar in Majha!, starts AAP's election campaign in Gurdaspur for Shery Kalsi Mann in Amritsar -When the people of Majha make up their minds, they do not sway, this time they have decided to make AAP win Congress will provide 50 percent reservation to women in jobs: Lamba Haryana CEO takes first-of-its-kind initiative, State Voters to receive Wedding-Style Invitations for General Elections Wheat procurement gains pace as agencies procure 334283.4 MT grains Governor Shiv Pratap Shukla presents Road Safety Awards From Siliguri to a Chai Empire: How a Women Entrepreneur Brew a Successful Tea selling brand CHAIOM Science Fest organised at Rayat Bahra University Detaining the colonizer is a highly condemnable act - Gurjit Singh Aujla AIMS Mohali Observes DNA Day Vigilance Bureau Arrests Patwari Accepting Rs 10,000 Bribe For Mutation Of Land Vigilance Bureau Nabs Senior Assistant For Taking Rs 20,000 Bribe Vigilance Bureau Nabs Reader Of Sho Nri Police Station Taking Rs 20,000 Bribe SANY Heavy Industry India Pvt Ltd Expands Presence with Grand Opening of Raghunath Machinery HO in Rayagada, Odisha Ideathon 2K24 held at CGC Jhanjeri, 160 teams from various colleges participated Retailers Discuss Ways to Stay Ahead of the Curve at the RAI Hyderabad Retail Summit 2024 Bobby Deol Drives the Badass Seltos Hyundai Motor Group Executive Chair Euisun Chung Visits India to Underline Mid-to long-term Mobility Strategic Commitments Rupnagar police arrest accomplice of attackers involved in murder of VHP leader Vikas Prabhakar Complete exercise of identifying critical polling stations within this week : Sakshi Sawhney The impact of the Deputy Commissioner Dr. Senu Duggal strictness, a record jump in lifting in two days

 

Foreign stake in HDFC Bank crosses 74% limit again : RBI

Listen to this article

Web Admin

Web Admin

5 Dariya News

Mumbai , 17 Feb 2017

Private sector HDFC Bank has again crossed the foreign investment limit prescribed as a percentage of paid-up capital for Indian companies, the Reserve Bank of India (RBI) said on Friday Only a day earlier, on Thursday, the RBI announced that such investments had fallen below the ceiling.The apex bank had said that foreign investors' holdings in HDFC Bank had fallen below the threshold limit prescribed under the foreign direct investment (FDI) policy. In a raction, foreign investors bought the stock, crossing then limit."The foreign shareholding by American Depository Receipts (ADR)/Global Depository Receipts (GDR)/ Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs)/ Foreign Direct Investment (FDI)/Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in M/s HDFC Bank Ltd has crossed the overall limit of 74 per cent of its paid-up capital." an RBI statement said on Friday."Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of Foreign institutional Investors (FIIs)/Foreign Portfolio Investors (FPIs)/ Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs)," it added.The RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a day-to-day basis.The HDFC stock surged initially on Friday after the RBI removed the ban on buying by FIIs, but fell later in the day to close at Rs 1,377.15 a share, up 49.80 points, or 3.75 per cent, over its previous close on the BSE.

 

Tags: RBI

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD