Investment by FIIs under PIS: Grasim Ind Ltd

Mumbai, Nov 8 : The Reserve Bank of India (RBI) has notified that no further purchases of equity shares of Grasim Industries Ltd should be made on behalf of Foreign Institutional Investors (FIIs) through primary and secondary markets in India without obtaining the prior permission of the RBI.

The RBI has stated that Grasim Industries Ltd has reached the limit of 22 per cent of its paid up capital.

UNI