The Reserve Bank of India today notified that M/s Edelweiss Financial Services Limited  has passed resolutions at the Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investor (FIIs), through primary market and stock  exchanges up to 28 per cent of the paid up capital of the company under Portfolio Investment Scheme. The foreign share holding by Foreign Institutional Investor (FIIs), in M/s Edelweiss Financial Services Limited have gone below the revised threshold limit stipulated under the extant Foreign Direct Investment (FDI) Policy. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect.

Ajit Prasad
Assistant General Manager

Press Release: 2013-2014/1955