RBI notifies against purchase of shares in Kakatia Cement Sugar

Mumbai, May 7 (UNI) The Reserve Bank India today notified that no further purchases of equity shares of Kakatiya Cement Sugar and Industries Limited, should be made through stock exchanges in India on behalf of Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS).

The RBI stated in a release here that the aggregate share holding of Non-Reisdent Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) in Kakatiya Cement Sugar and Industries Limited, has reached the stipulated limit of 10 per cent of its paid up capital.

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