The Reserve Bank of India has today notified that the aggregate share holdings in Arihant Foundations & Housing Limited by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has gone below the  stipulated caution limit of its paid up capital. FIIs/PIOs who have obtained permission to invest under the Portfolio Investment Scheme are now allowed to purchase equity shares of the company in the secondary market subject to the existing ceilings and guidelines in this regard.

Sabeeta Badkar

Assistant Manager

Press Release: 2008-2009/1274