The Reserve Bank of India has today notified that the aggregate share holdings by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) in the Kalindee Rail Nirman (Engineers) Limited company have gone below the prescribed threshold limit stipulated under the FDI Policy. It will be therefore, in order to purchase shares of the above companies in the secondary market on behalf of your FIIs who have obtained permission to invest under the Portfolio Investment Scheme subject to the existing ceilings and guidelines.

Ajit Prasad
  Manager

Press Release: 2008-2009/740