The Reserve Bank of India has today notified that the aggregate share holdings in M/s Modi Naturals Limited (Anil Modi Oil Industries Ltd.) by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed threshold ban limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company is withdrawn with immediate effect.

Ajit Prasad
Assistant General Manager

Press Release: 2013-2014/47