The Reserve Bank of India has today notified that no further purchases of equity shares of the Mcleod Russel India Limited should be made on behalf of Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) through primary/secondary markets in India without obtaining the prior permission of the Reserve Bank. The Reserve Bank has stated that FII investments of this company has reached the 22 per cent of its paid up capital.

Ajit Prasad
Manager