RBI notifies against purchase of equity shares of Tribhuvan

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Mumbai, Jun 2 (UNI) The Reserve Bank of India (RBI) today notified that no further purchases of equity shares of the Tribhuvan Housing Limited should be made on behalf of Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) through primary/secondary markets in India, without obtaining the prior permission of the Reserve Bank.

The Reserve Bank has stated that FII investments of the Company has reached 22 per cent of its paid up capital.

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