• search

FIIs can purchase UTI equity shares: RBI

Written by: Staff

Mumbai, Aug 24 (UNI) The Reserve bank of India has notified on August 24, 2006, that Foreign Instituional investors (FIIs) can now purchase under portfolio Investment Scheme (PIS) equity shares of UTI Bank Ltd, through primary markets and stock exchanges in India upto 49 per cent of its paid up capital.

The bank has passed a resolution at its board of Directors' and a special resolution in its General Body meetings to this effect, a press release issued here today said.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more