Saturday, June 16, 2012

HDFC gets RBI nod to raise FII limit to 100%

The Reserve Bank of India (RBI) has notified that HDFC's board has passed resolutions to
increase the FII investment limit from 74 per cent to 100 per cent. The increase in Foreign Institutional Investors (FIIs) investment limit is for the purchase of Housing Development Finance Corporation's (HDFC) equity shares and convertible debentures under the portfolio investment scheme.


Post a Comment