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Monitoring of Ceiling for Investment by NRIs/PIOs under PIS : M/s Adani Enterprises Ltd.

The Reserve Bank India has today notified that no further purchases of shares of M/s Adani Enterprises Ltd., should be made through stock exchanges in India on behalf of Non-Resident Indians (NRIs)/ Persons of Indian Origin (PIOs). The Reserve Bank of India has stated that the aggregate share holding of NRIs/PIOs under Portfolio Investment Scheme (PIS) in M/s Adani Enterprises Ltd., has reached the overall limit of 10 per cent of its paid up equity capital.

Ajit Prasad
Manager

Press Release : 2009-2010/ 353

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