The Reserve Bank of India has today notified that the aggregate share holdings by Non Resident Indians (NRIs)/ Persons of Indian Origin (PIO) in :

1. Tai Industries Limited, and
2. Madras Aluminium Co. Limited

under the Portfolio Investment Scheme (PIS) have gone below the prescribed threshold 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 Hence, the restrictions placed on the purchase of shares of the above company is withdrawn with immediate effect.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 : 2013-2014/408