The Reserve Bank of India has today notified that the aggregate share holdings by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) in Alchemist Ltd. have gone below the prescribed threshold limit stipulated under the FDI Policy. It will, therefore, be in order to purchase shares of the above company 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.

J.D. Desai
Assistant Manager

Press Release : 2009-2010/111