The Reserve Bank of India has today notified that the percentage of foreign holdings by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) in under noted companies have gone below the trigger limit of 22 per cent of their paid up capital. It will be therefore, in order to purchase shares of the following companies in the secondary market on behalf of FIIs who have obtained permission to invest under the Portfolio Investment Scheme subject to the existing ceilings and guidelines.

1) Grasim Industries Limited
2) Tata Steel Limited

Ajit Prasad
  Manager

Press Release: 2008-2009/737