FIIs can purchase shares upto 74 pc of paid up capital: RBI

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Mumbai, Apr 9 (UNI) The Reserve Bank of India notified today that Foreign Institutional Investors (FIIs) can purchase equity shares and convertible debentures upto 74 per cent of the paid up capital in Soma Textiles and Industries and Birla Power.

The Apex Bank, in a release here, said the purchase could be made under Portfolio Investment Scheme (PIS) through primary markets and stock exchanges.

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