The Reserve Bank of India has today notified that no further purchases of equity shares of Sadbhav Engineering Limited should be made on behalf of Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) through stock exchanges in India. The Reserve Bank has stated that Sadbhav Engineering Limited has reached the limit of 24 per cent of its paid up capital.

G. Raghuraj
Deputy General Manager

Press Release : 2007-2008/108