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FEMA & RBI

Investment by FIIs under PIS : Crew B.O.S. Products Ltd

January 17, 2013

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Date : 16 Jan 2013

Investment by FIIs under PIS : Crew B.O.S. Products Ltd

The Reserve Bank of India today notified that Crew B.O.S. Products Ltd., has passed resolutions at the board of directors’ meeting and a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures by NRIS/PIOs though primary market and stock exchanges up to 24% of the paid up capital of the company under Portfolio Investment Scheme (PIS).

This would be subject to the Regulation 5(3) of FEMA Notification No.20/2000 RB dated May 03, 2000 (as amended from time to time).

RBI's approval is given subject to the condition that the onus of compliance with FDI policy and FEMA regulations including downstream investment would continue to remain on the Indian company Crew B.O.S. Products Ltd.,

R. R. Sinha

Deputy General Manager

Press Release: 2012-2013/1206

Investment in Indian Companies by FIIs/NRIs/PIOs

Regulations

Foreign Institutional Investors (FIIs), Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest in the primary and secondary capital markets in India through the portfolio investment scheme (PIS). Under this scheme, FIIs/NRIs can acquire shares/debentures of Indian companies through the stock exchanges in India.

The ceiling for overall investment for FIIs is 24 per cent of the paid up capital of the Indian company and 10 per centfor NRIs/PIOs. The limit is 20 per cent of the paid up capital in the case of public sector banks, including the State Bank of India.

The ceiling of 24 per cent for FII investment can be raised up to sectoral cap/statutory ceiling, subject to the approval of the board and the general body of the company passing a special resolution to that effect. And the ceiling of 10 per cent for NRIs/PIOs can be raised to 24 per cent subject to the approval of the general body of the company passing a resolution to that effect.

The ceiling for FIIs is independent of the ceiling of 10/24 per cent for NRIs/PIOs.

The equity shares and convertible debentures of the companies within the prescribed ceilings are available for purchase under PIS subject to:

- the total purchase of all NRIs/PIOs both, on repatriation and non-repatriation basis, being within an overall ceiling limit of (a) 24 per cent of the company's total paid up equity capital and (b) 24 per cent of the total paid up value of each series of convertible debenture; and

- the investment made on repatriation basis by any single NRI/PIO in the equity shares and convertible debentures not exceeding five per cent of the paid up equity capital of the company or five per cent of the total paid up value of each series of convertible debentures issued by the company.

Monitoring Foreign Investments

The Reserve Bank of India monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis. For effective monitoring of foreign investment ceiling limits, the Reserve Bank has fixed cut-off points that are two percentage points lower than the actual ceilings. The cut-off point, for instance, is fixed at 8 per cent for companies in which NRIs/ PIOs can invest up to 10 per cent of the company's paid up capital. The cut-off limit for companies with 24 per cent ceiling is 22 per cent and for companies with 30 per cent ceiling, is 28 per cent and so on. Similarly, the cut-off limit for public sector banks (including State Bank of India) is 18 per cent.

Once the aggregate net purchases of equity shares of the company by FIIs/NRIs/PIOs reach the cut-off point, which is 2% below the overall limit, the Reserve Bank cautions all designated bank branches so as not to purchase any more equity shares of the respective company on behalf of FIIs/NRIs/PIOs without prior approval of the Reserve Bank. The link offices are then required to intimate the Reserve Bank about the total number and value of equity shares/convertible debentures of the company they propose to buy on behalf of FIIs/NRIs/PIOs. On receipt of such proposals, the Reserve Bank gives clearances on a first-come-first served basis till such investments in companies reach 10 / 24 / 30 / 40/ 49 per cent limit or the sectoral caps/statutory ceilings as applicable. On reaching the aggregate ceiling limit, the Reserve Bank advises all designated bank branches to stop purchases on behalf of their FIIs/NRIs/PIOs clients. The Reserve Bank also informs the general public about the `caution’ and the `stop purchase’ in these companies through a press release.

The current list of companies allowed to attract investments from FIIs/NRIs/PIOs with their respective ceilings is:

List of companies

List of companies which have raised the ceiling from 10% in respect of NRIs investments under PIS (w.e.f. November 29, 2010)

Upto 24%

1

Alembic Chemical Works Co. Ltd.

2

Amar Investments Ltd., Calcutta.

3

Anglo- India Jute Mills Co. Ltd.

4

Arvind Mills, Ahmedabad.

5

Ashima Syntex Ltd, Ahmedabad.

6

Ashoka Viniyoga Ltd.

7

Bharat Nidhi Ltd.

8

BLB Shares & Financial Services Ltd

9

BPL Ltd.

10

Burr Brown (India) Ltd

11

Camac Commercial Company Ltd.

12

Ceenik Exports (India) Ltd.

13

Cifco Finance Ltd., Mumbai.

14

Classic Financial Services & Enterprises Ltd, Calcutta.

15

CPPL Ltd, (Reliance Ind. Infrastructure Ltd) Mumbai.

16

Crest Communication Ltd.

17

CRISIL

18

DCM Ltd.

19

DCM Shriram Consolidated Ltd.

20

Dharani Sugars & Chemicals Ltd

21

Dolphin Offshore Enterprises ( I ) Ltd.

22

Emco Ltd.

23

Essar Oil Ltd.

24

Essar Shipping Ltd., B’lore

25

Essar Steel Ltd.

26

Eveready Industries India Ltd.

27

Fabworth (I) Ltd.

28

Federal Bank Ltd.

29

Ferro Alloys Corporation Ltd., Tumsar.

30

Gammon India Ltd

31

Grasim Industries Ltd.

32

GTL Ltd.(formerly Global Tele-Systems Ltd.)

33

GTL Infrastructure Ltd

34

Hamco Mining & Smelting Ltd.

35

HCL Infosystems Ltd.

36

HEG Ltd

37

Hindustan Development Corp. Ltd, Calcutta.

38

Hindustan Nitroproducts (Gujarat) Ltd.

39

Hindustan Transmission Products Ltd., Mumbai

40

HMG Industries Ltd., Mumbai.

41

Housing Development and Infrastructure Limited

42

Indiabulls Real Estate Ltd.

43

India bulls Securities Ltd.

44

Indiabulls Financial Services Ltd

45

Indiabulls Power Limited (formerly Sophia Power Company Limited)

46

Igarashi Motors India Ltd

47

IVP Ltd

48

Jagatjit Industries Ltd,

49

Jai Parabolic Springs Ltd.

50

Jaysynth Dyechem Ltd.

51

Jindal Strips Ltd.

52

Jindal Iron & Steel Co. Ltd.

53

Jindal Saw Limited (formerly Saw Pipes Limited)

54

JJ Spectrum Silk Ltd.

55

Kartjikeya Paper & Boards Ltd.

56

K Sera Sera Productions Ltd

57

Lakhani India Ltd.

58

M.P. Agro Fertilisers Ltd., Bhopal.

59

Macleod Russel (I) Ltd.

60

Matsushita Television and Audio India Ltd.

61

Max India Ltd

62

Mazda Enterprises Ltd., Mumbai.

63

Media Video Ltd.

64

Monnet Ispat & Energy Limited

65

Multimetals Ltd., Mumbai

66

Neha International Limited.

67

National Steel Industries Ltd.

68

Nicholas Laboratories India Ltd., Mumbai.

69

Networth Stock Broking Limited

70

Nava Bharat Ventures Limited

71

O.P. Electronics Ltd., Mumbai.

72

Oriental Housing Development Finance Corp. Ltd.

73

Pabacea Biotec Ltd.

74

Padmini Technologies Ltd.

75

Pearl Polymers Ltd., New Delhi.

76

Piramal Healthcare Ltd.

77

PNB Finance & Industries Ltd

78

Rajath Leasing & Finance Ltd.

79

Rajesh Exports Limited

80

Rama Petrochemicals Ltd.

81

Rama Phosphates Ltd.

82

Reliance Industries Ltd., Mumbai.

83

Rishra Investment Ltd., Calcutta

84

Rossell Industries Ltd., Calcutta.

85

Sahu Properties Ltd

86

Sanghvi Movers Ltd

87

Saurashtra Paper & Board Mills Ltd.

88

Sayaji Hotel Ltd.

89

SB & T International Ltd

90

Sharyans Resources Ltd.

91

Shanti Gears Ltd.

92

Shibir India Ltd., Calcutta

93

Shrenuj & Company Ltd.

94

Shriram Industries Enterprises Ltd., N. Delhi.

95

Silverline Industries Ltd.

96

Sonata Software Ltd.

97

SRF Ltd.

98

Sterling Lease Finance Ltd., Mumbai.

99

Sujana Metal Products Ltd

100

Svam Software Ltd.

101

Synthetics and Chemicals Ltd., Mumbai.

102

Shrenuj & Company Limited

103

The Champdany Industries Ltd., Calcutta.

104

The Dhanalakshmi Bank Limited

105

The Dharamsi Morarji Chemical Co. Ltd .

106

The Investment Trust of India Ltd.

107

The Morarjee Goculdas Spinning & Weaving Co Ltd, Mumbai.

108

Tolani Bulk Carrier Ltd.

109

Unitech Limited.

110

Uniworth International Ltd.

111

Vaibhav Gems Ltd.

112

Valecha Engineering Ltd.

113

VisualSoft Technologies Ltd.

114

Weltermann International Ltd.

115

Woolworth (India) Ltd.

116

Yes Bank Ltd.

117

Zora Pharma Ltd.

118

M/s. Redington(India) Ltd.(w.e.f. 29.11.2010)

119

M/s. Compuage Infocom Limited (w.e.f. 4.3.2011)

120

M/s. Kitex Garments Limited (w.e.f. 8.7.2011)

121

M/s Indiabulls Wholesale Services Ltd (w.e.f. 26.08.2011)

122

M/s Gitanjali Gems Ltd ( wef 16.09.2011)

123

Everonn Education Limited ( w.e.f 6.1.2012)

124

Indiabulls Infrastructure and Power Ltd ( w.e.f. 20.1.2012)

125

M/s Crew B.O.S. Products Limited (w.e.f. 16-1-2013)

Upto 17%

1

Garware Shipping Corporation Ltd.

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 30% OF THEIR PAID UP CAPITAL UNDER PIS

1

Asian Paints (India) Ltd

2

Capital Trust Ltd

3

Container Corporation of India

4

Divi’s Laboratories Ltd

5

Ferro Alloys Corporation Ltd

6

Garware Polyester Ltd

7

GIVO Ltd (formerly KB & T Ltd)

8

Mahindra Gesco Developers Ltd

9

Orchid Chemicals and Pharmaceuticals Ltd

10

Penta Soft Tec(Pentafour Communications Ltd)

11

Polyplex Corporation Ltd

12

Ranbaxy Laboratories Ltd

13

Shasun Chemicals Ltd

14

Sonata Software Ltd

15

The Paper Products Ltd

16

Vikas WSP Ltd

17

Apollo Tyres Ltd.(w.e.f. June 22, 2010)

18

The ING Vysya Bank Limited (w.e.f. 03-01-2013)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 40% OF THEIR Paid Up Capital

1

Adlabs Films Ltd.

2

Aftek Infosys Ltd.

3

Balaji Telefilms Ltd.

4

Bharat Forge Ltd

5

Burr Brown (India )Ltd

6

Cipla Ltd.

7

Elbee Services Ltd

8

Glenmark Pharmaceuticals Ltd

9

Gujarat Ambuja Cements Ltd

10

HEG Ltd

11

Hero Honda Motors Ltd

12

Jindal Steel & Power Ltd

13

Jyoti Structures Ltd

14

Maars Software International Ltd

15

Mount Everest Mineral Water Ltd

16

Padmini Technologies Ltd.

17

Rajasthan Spinning & Weaving Mills Ltd

18

Rico Auto Industries Ltd.

19

Shanti Gears Ltd.

20

Silverline Technologies Ltd.

21

Suven Life Sciences Ltd.

22

The India Cements Ltd.

23

The Indian Hotels Company Ltd

24

Thiru Arooran Sugars Ltd.

25

UTV Software Communications Ltd

26

Visual Soft Technologies Ltd.

27

Ways India Ltd.

28

Shemaroo Entertainment Limited (w.e.f. 24.02.2012)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 49% OF THEIR Paid Up Capital

1

Alok Industries

2

Auribindo Pharma Ltd.

3

Arvind Mills Ltd

4

Balakrishna Industries Ltd

5

Blue Dart Express Ltd

6

CRISIL

7

Digital GlobalSoft Ltd.

8

Dr. Reddy’s Laboratories Ltd.

9

D. S. Kulkarni Developers Ltd.

10

Federal Bank Ltd.

11

Financial Technologies (I) Ltd

12

HDFC Bank Ltd

13

Himachal Futuristic Communications Ltd.

14

Hindustan Lever Ltd.

15

Hughes Software Ltd.

16

ICICI Bank Ltd.

17

Ind-Swift Laboratories Ltd.

18

Karnataka Bank Ltd.

19

LIC Housing Finance Ltd.

20

Marksans Pharma Ltd.

21

Mahindra & Mahindra Ltd.

22

Mastek Ltd

23

Max India Ltd

24

McDowell & Co Ltd

25

NIIT Ltd.

26

NIIT Technologies Ltd.

27

Panacea Biotec Ltd.

28

Reliance Capital Ltd.

29

Reliance Energy Ltd.

30

Reliance Industries Ltd.

31

Reliance Petroleum Ltd.

32

SB & T International Ltd.

33

Sadbhav Engineering Limited

34

S. Kumars Nationwide Ltd

35

Soffia Software Ltd

36

Strides Arcolabs Ltd

37

Sun Pharmaceutical Industries Ltd.

38

Swaraj Mazda Ltd

39

The South Indian Bank Ltd

40

The Dhanalakshmi Bank Limited

41

SPANCO Limited

42

United Breweries Ltd

43

United Phosphorus Ltd

44

UTI Bank Ltd.

45

Vimta Labs Ltd.

46

Wockhardt Ltd.

47

Yes Bank Ltd.

48

Zeefilms Ltd.

49

Welspun India Ltd (w.e.f. 10.02.2010)

50

IndusInd Bank Limited (w.e.f. 26-11-2012)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO LIMITS FIXED BY COMPANIES AS INDICATED AGAINST THEIR NAMES

1

Amtek Auto Ltd (74%)

2

Advanta India Limited 49%

3

Amtek India Ltd (74%)

4

Ahmednagar Forgings Ltd (74%)

5

Anant Raj Industries Ltd. (40%)

6

ANG Auto Ltd (49%)

7

Apollo Hospitals (74%)

8

Aptech Ltd (74%)

9

Arshiya International Limited (49%)

10

Ansal Properties Infrastructure Limited (49%)

11

Bhagwati Banquets & Resorts Ltd.

12

Bombay Rayon Fashions Ltd (26%)

13

Bajaj Auto Finance Ltd (30%)

14

Bajaj Hindusthan Limited (74%)

15

Balrampur Chini Mills Ltd (60%)

16

Birla Power Solutions Ltd. (74%)

17

Core Projects & Technologies Ltd.(74%)

18

Cranes Software International Limited (60%)

19

Crest Communication Ltd (50%)

20

CESC Ltd. (49%)

21

CREW B.O.S. Products Ltd. -(49%)

22

DCM Ltd - (49%)

23

Development Credit Bank Ltd. - (49%)

24

Dagger-Forst Tools Ltd. - (74%)

25

Emco Ltd - (49%)

26

Escorts Ltd - (49%)

27

Era Construction (India) Ltd - (40%)

28

Fedders Lloyd Corporation Limited (74%)

29

Ganesh Housing Corporation Ltd.(49%)
(formerly Ganesh Housing Finance Corporation Ltd)

30

Gammon India Ltd - (49%)

31

Garware Offshore Services Ltd-(60%)

32

Godrej Consumer Products Ltd (35%)

33

Great Offshore Limited-(49%)

34

GTL Ltd. – (74%)

35

GTL Infrastructure Ltd. – (74%)

36

Gujarat Pipavav Port Limited (45%) (w.e.f May 29, 2012)

37

HTMT Global Solutions Ltd.-(74%)

38

Hindustan Construction Co Limited – (49%)

39

Hindalco Industries Limited – (40%)

40

Igarashi Motors India Ltd. - (40%)

41

Il & FS Investment Managers Ltd- 74%

42

ICSA (INDIA) Ltd. - (49%)

43

I-Flex Solutions Ltd. (60%)

44

India Nivesh Limited (49%)

45

Infrastructure Development Finance Company Limited (74%)

46

Info Edge (India) Ltd. (40%)

47

International Conveyor Limited (74%)

48

IOL Broadband Ltd. - (49%)

49

Jai Corp Ltd. -(49%)

50

Jindal Saw Limited (49%) (formerly Saw Pipes Limited )

51

Jaisal Securities Limited  (50%)

52

Jaiprakash Associates Ltd. (45%)

53

JSW Steel Limited – (49%)

54

Jupiter Bioscience Ltd. - (70%)

55

Kamdhenu Ispat Ltd. (49%)

56

Karuturi Networks limited (74%)

57

KEI Industries Ltd. - (49%)

58

Kotak Mahindra Bank Ltd (35% w.e.f. 12-10-2012, updated from earlier limit of 33%)

59

KPIT Cummins Infosystems Limited (49%)

60

Laxmi Energy & Foods Ltd (Lakshmi Overseas Industries Ltd) (49%)

61

Lloyd Electric & Engineering Ltd (74%)

62

Logix Microsystems Ltd - (74%)

63

Micro Technologies (India) Limited (49%)

64

Maharashtra Seamless Limited (40%)

65

McDowell Holdings Ltd -(49%)

66

Mercator Lines Ltd (70%)

67

Monnet Ispat & Energy Limited (40%)

68

Moser Baer India Ltd (74%)

69

MARG Limited (40%)

70

McLeod Russel India Limited (40%)

71

Network 18 Media & Investments Limited (Formerly Network 18 Fincap Ltd) - 49% (FIIs/NRIs/PIO upto 40%)

72

Neha International Limited (49%)

73

Nagarjuna Construction Company Ltd. (74%)

74

Nava Bharat Ventures Limited (40%)

75

NITCO Tiles Ltd. (60%)

76

Northgate Technologies Ltd (74%)

77

Om Metals Infra projects Ltd.(49%)

78

Opto Circuits (India) Ltd (40%)

79

Paramount Communications Ltd (39%)

80

Patni computers Ltd (74%)

81

Pioneer Investcorp Limited (40%)

82

Pritish Nandy Communications Ltd (60%)

83

Provogue (India) Ltd. (49%)

84

Piramal Healthcare Limited (49%)

85

PTC India Ltd. - (60%)

86

Punjab Tractors Ltd. (64%)

87

PVR Ltd (50%)

88

Pyramid Saimira Theatre Ltd. (40%)

89

M/s. Prime Securities Limited (74%)

90

Parekh Aluminex limited (74%)

91

Precoated Steels Limited (49%)

92

Peninsula Land Limited (40%)

93

Parsvnath Developers Limited (40%)

94

Rajesh Exports Ltd (49%)

95

Rolta India Ltd (75%)

96

Sakthi Sugars Ltd (50%)

97

Sanghvi Movers Ltd.(49%)

98

Satnam Overseas Ltd (51%)

99

Satyam Computer Services Ltd (60%)

100

Shree Renuka Sugars Ltd. – (49%)

101

Sical Logistics Ltd. (49%)

102

Sintex Indiastries Ltd. (74%)

103

Srei Infrastructure Finance Ltd (64%)

104

Subex Systems Ltd. (74%)

105

Sun Pharma Advance Research Company Ltd. (49%)

106

SSI Ltd (74%)

107

SESA GOA Limited (45%)

108

Soma Textiles & Industries Ltd. (74%)

109

Suzlon Energy Limited –(49%)

110

Tata Motors Ltd.(35%)

111

Tata Tea Ltd (35%)

112

The Tata Power Company Ltd (35%)

113

The Jammu & Kashmir Bank Ltd. (40%)

114

Tanla Solutions Ltd. (49%)

115

Temptation Foods Ltd. -(74%)

116

Tourism Finance Corporation of India Ltd (49%)

117

Tulip IT Services Ltd. (40%)

118

Unichem Laboratories Ltd (39%)

119

United Spirits Limited (59%)

120

Vaibhav Gems Ltd (60%)

121

Vakrangee Softwares Ltd. (49%)

122

Venus Remedies Limited- (49%)

123

Voltas Limited (30%)

124

WELSPUN Gujarat Stahl Rohren Limited (49%)

125

Zicom Electronic Security System Ltd (74%)

126

S.E Investments Limited (74% - 28.01.2010)

127

KRBL Limited (49% w.e.f. – March 15, 2010)

128

Su-raj Diamonds and Jewellery Limited (65% w.e.f. 27.10.2010 updated from earlier limit of 49% w.e.f. – March 30,2010)

129

Hathway Cable & Datacom Limited – (49% w.e.f.-May 21,2010)

130

Rei Agro Limited (75% w.e.f.July 7, 2010)

131

Rural Electrification Corporation Ltd (35% w.e.f.30.9.2010).

132

Cox and Kings (India) Limited (74% w.e.f.-October 5, 2010)

133

GMR Infrastructure Limited (35% w.e.f.October 22, 2010)

134

GCV Services Limited (49% w.e.f. December 23, 2010)

135

IVRCL Assets & Holdings Limited (49% w.e.f. 7.2.2011)

136

SVC Resources Ltd. (49% w.e.f. 9.2.2011)

137

Marico Limited (35% w.e.f.25.2.2011)

138

Compuage Infocom Limited (49% w.e.f. 4.3.2011)

139

Lupin Limited (33% w.e.f. 28.4.2011)

140

Tecpro Systems Limited (49% w.e.f. 6.5.2011)

141

Era Infra Engineering Limited(65% w.e.f. 12.5.2011)

142

VA Tech Wabag Limited (49% w.e.f.16.6.2011)

143

Jubilant FoodWorks Limited ( 49 % w.e.f 26.08.2011)

144

Info-Drive Software limited (49 % w.e.f. 26.08.2011)

145

Gitanjali Gems Ltd ( 50% wef 16.09.2011)

146

Mahindra & Mahindra Financial Services Ltd ( 49 % wef 03.10.2011)

147

Jain Irrigation Systems Limited ( 60% wef 17.10.2011)

148

The Karur Vysya ank Limited ( 35 % wef 17.10.2011)

149

Nava Bharat Ventures Ltd (60 % wef 18.11.2011)

150

Polaris Financial Technology Limited (49.90% wef 20.12.2011)

151

SKS Microfinance Limited (74% wef 6.1.2012)

152

Just Dial Limited (49% wef 20.1.2012)

153

Dewan Housing Finance Corporation Limited (60% wef 02.02.2012)

154

Kavveri Telecom Products Limited (35% wef 09-04-2012)

155

VKS Projects Limited (40% wef 05-09-2012)

156

AIA Engineering Limited (49% w.e.f. 12-09-2012)

157

HCL Technologies Limited (30% w.e.f.11-10-2012)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO SECTORAL CAP/STATUTORY CEILING OF THEIR PAID UP CAPITAL

1

AZTEC Software and Technology Services Ltd - (100%)

2

Dynamatic Technologies Limited -(100%)

3

Educomp Solutions Limited. –(100%)

4

Gateway Distriparks Ltd - (100%)

5

Geodesic Information Systems Ltd- (100%)

6

Geometric Software Solutions Ltd – (100%)

7

Gujarat NRE Coke Limited -(74%)

8

HCL Infosystems Ltd. – (100%)

9

Hexaware Technologies Ltd – (100%)

10

Housing Development and Infrastructure Limited – (100%)

11

Indiabulls Real Estate Limited –(100%)

12

Indiabulls Financial Services Ltd – (100%)

13

Indiabulls Securities Limited - (100%)

14

Indiabulls Power Limited (100%)
(formerly Sophia Power Company Limited)

15

Infotech Enterprises Limited (100%)

16

Infosys Technologies Ltd. – (100%)

17

IVRCL Infrastructures & Projects Ltd (100%)

18

India Infoline Ltd. (100%)

19

Mascon Global Ltd. – (100%)

20

Mphasis BFL Ltd – (100%)

21

Orbit Corporation Limited (100%)

22

Pentamedia Graphics Ltd.- (100%)

23

Pentasoft Technologies Ltd. – (100%)

24

Prajay Engineers Syndicate Limited – (100%)

25

Punj Lioyd Limited (100%)

26

IFCI Limited. (74%)

27

Reliance Communications Ltd – (74%)

28

Sujana Metal Products Ltd - (100%)

29

Sujana Towers Limited-(100%)

30

Sujana Universal Industries Ltd - (100%)

31

Shrenuj & Company Limited- (100%)

32

Unitech Limited – (100%)

33

Interworld Digital Limited (100%)

34

Shobha Developers Limited (100% - Feb 3, 2010)

35

Everonn Education Ltd. (100% w.e.f.June 4, 2010)

36

Redington (India) Limited (100% w.e.f. November 29, 2010)

37

Indiabulls Wholesale Services Ltd (100% w.e.f August 23, 2011)

38

eClerx Services Limited ( 100% wef December 20, 2011)

39

Indiabulls Infrastructure and Power Ltd (100% w.e.f Jan 20,2011)

40

Housing Development Finance Corporation Limited (100% w.e.f. May 24, 2012)

41

Phoenix Mills Limited( 100% w.e.f. July 27 2012, Revised from earlier limit of 49%)

42

MindTree Limited (100% w.e.f.23-08-2012)

43

Gayatri Projects Limited( 100 %w.e.f. 21-11-2012)

LIST OF PRINT MEDIA COMPANIES IN WHICH FDI / FII INVESTMENT IS ALLOWED

1

Jagran Prakashan -26%

2

Deccan Chronicle Holdings Ltd – 24% (FIIs upto 14%)

3

IBN 18 Broadcast Ltd.-26%

Companies in which overall FII ceiling has reached and no further purchases are allowed Companies falling under 24 %

1

Pantaloon Retail (India) Ltd.

2

Panyam Cements and Minerals Industries Ltd.

3

Elpro International Limited (wef 25.08.2011)

4

Anil Modi Oil industries Ltd (wef 25.08.2011)

5

Voltamp Transformers Limited(wef 26-09-2012)

Companies falling under 30 %
None

Companies falling under 49% limit
None

Companies where 38% FII limit has been reached and further purchases are allowed with prior approval of RBI.
None

Companies where 28% FII limit has been reached and further purchases are allowed with prior approval of RBI.
None

Companies where 22% FII limit has been reached and further purchases will be allowed with prior approval of RBI

1

Grasim Industries Limited

2

GSS Infotech Limited (GSS America Infotech Limited) (w. e. f. 25-9-2012)

Companies where NRI/PIO Investment has already reached 10 % and no further purchases can be allowed

1

Chandraprabhu Housing Ltd

2

Coxswain Technology Ltd (Kaveri Biotech Ltd)

3

Dev Sugars Ltd

4

Dharendra Industries Ltd

5

DSQ Biotech Ltd

6

Fintech Communications

7

IQMS Software Ltd

8

Kakatiya Cement Sugar & Industries Ltd

9

Madras Aluminium Co. Ltd.

10

Rama Phosphates Ltd

11

SGN Telecom

12

SPL Ltd.

13

Squared Biotech Ltd

14

Tai Industries Ltd.

15

Goldcrest Finance (India) Limited (w.e.f. 14.11.2011)

16

Khodiyar Industries Limited ( w. e. f. 17-09-2012)

17

Parekh Aluminex Limited (w.e.f. 12-10-2012)

Companies where the NRI investment has reached the trigger point of 8% and further purchases are allowed only with prior permission of RBI

1

Codura Exports Ltd

2

Cosmo Films Ltd

3

Dalmia Cement (Bharat) Ltd

4

Deccan Cements Ltd

5

Garden Silk Mills Ltd.

6

Nexus Software Ltd

7

Polyplex Corporation Ltd

8

Premier Explosives Ltd

Companies in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investment as stipulated by Government has been reached.

Pantaloon Retail (India) Ltd.

Companies in which the Caution limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached.

None

Print Media Companies in which the Caution limit in respect of maximum permissible foreign holding including FDI/NRI/PIO/FII Investments as stipulated by Government has reached.

None

Print Media Companies in which the Ban limit in respect of maximum permissible foreign holding including FDI/NRI/PIO/FII Investments as stipulated by Government has reached.

None

Public Sector banks in which 20% limit has been reached and no further investments are permitted

None

Public Sector banks in which 18% caution limit has been reached and further purchases by FIIs/NRIs/PIOs are allowed only with prior permission of RBI

1

Punjab National Bank

2

Dena Bank

Private Sector Banks in which the Caution limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached

1

The South Indian Bank Limited

Private Sector Banks in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached

None

Private Sector Banks in which the Caution limit in respect of FIIs Investment has reached.

None

Private Sector Banks in which the Ban limit in respect of FIIs Investment has reached.

None

 

Further purchases are allowed only with prior permission of RBI.
 

No further purchases are allowed.

Topics

Acts Income Tax
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