{"id":3526,"date":"2016-09-10T12:07:33","date_gmt":"2016-09-10T06:37:33","guid":{"rendered":"https:\/\/taxclick.org\/?p=3526"},"modified":"2016-09-10T12:09:38","modified_gmt":"2016-09-10T06:39:38","slug":"fiisrfpis-can-now-invest-100-per-cent-pis-ms-crompton-greaves-consumer-electricals-limited","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/investment\/fiisrfpis-can-now-invest-100-per-cent-pis-ms-crompton-greaves-consumer-electricals-limited\/","title":{"rendered":"FIIs\/RFPIs can now invest up to 100 per cent under PIS in M\/s Crompton Greaves Consumer Electricals Limited"},"content":{"rendered":"<p style=\"text-align: justify;\">The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)\/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of <a class=\"links\" href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_FiiUSer.aspx#CGCE1\" target=\"_blank\">M\/s Crompton Greaves Consumer Electricals Limited<\/a> under the Portfolio Investment Scheme (PIS).<\/p>\n<p style=\"text-align: justify;\">The Reserve Bank has stated that the company has passed resolutions at its Board of Directors\u2019 level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs\/RFPIs. The purchases could be made through primary market and stock exchanges and would be subject to Regulation 5(2) of FEMA Notification No.20\/2000-RB dated May 03, 2000 (as amended from time to time) and other terms and conditions stipulated by the Reserve Bank.<\/p>\n<p style=\"text-align: justify;\">The Reserve Bank has notified this under FEMA 1999.<\/p>\n<p style=\"text-align: right;\" align=\"right\"><span class=\"head\">Anirudha D. Jadhav<\/span><br \/>\nAssistant Manager<\/p>\n<p class=\"head\" style=\"text-align: right;\">Press Release: 2016-2017\/632<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)\/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M\/s Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolutions at &#8230; <a title=\"FIIs\/RFPIs can now invest up to 100 per cent under PIS in M\/s Crompton Greaves Consumer Electricals Limited\" class=\"read-more\" href=\"https:\/\/taxclick.org\/type\/investment\/fiisrfpis-can-now-invest-100-per-cent-pis-ms-crompton-greaves-consumer-electricals-limited\/\" aria-label=\"More on FIIs\/RFPIs can now invest up to 100 per cent under PIS in M\/s Crompton Greaves Consumer Electricals Limited\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FIIs\/RFPIs can now invest up to 100 per cent under PIS in M\/s Crompton Greaves Consumer Electricals Limited - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/investment\/fiisrfpis-can-now-invest-100-per-cent-pis-ms-crompton-greaves-consumer-electricals-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FIIs\/RFPIs can now invest up to 100 per cent under PIS in M\/s Crompton Greaves Consumer Electricals Limited - All About Finance\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)\/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of M\/s Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolutions at ... 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