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Investment by FIIs/NRIs/PIOs under PIS : Zee News Limited

The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can now purchase equity shares of Zee News Limited under Portfolio Investment Scheme (PIS), through secondary market in India. The Reserve Bank of India has stated that the holdings of FIIs in the company have gone below the prescribed threshold limit stipulated under the Foreign Direct Investment (FDI) policy.

Ajit Prasad
Manager

Press Release :2007-2008/891

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