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FIIs investment in RNRL and RCoVL increased

Written by: Staff

Mumbai, Apr 3 (UNI) Reserve Bank of India (RBI) today notified that foreign institutional investors (FIIs) can now purchase under portfolio investment scheme, equity shares and convertible debentures of Reliance Communication Ventures Ltd (RCoVL) and Reliance Natural Resources Limited (RNRL) upto the limits of 49 and 74 per cent of the paid up capital of these companies respectively.

The RBI approval follows the approval of the general body meetings of the respective companies related to the resolutions of increasing the limit of FIIs investments.


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