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FII / NRI / PIO Investment in Indian Company

 

 

Ozg Regulatory Consultant

Ozg Center, New Delhi & Mumbai 


Phone # 09811415831-37-61-72-84-92-94

 

Website: Regulatory.in

 

Email: regulatory.consultant@ozg.co.in

 

Regulations
Foreign Institutional Investors (FIIs), Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest in the primary and secondary capital markets in India through the portfolio investment scheme (PIS). Under this scheme, FIIs/NRIs can acquire shares/debentures of Indian companies through the stock exchanges in India.

The ceiling for overall investment for FIIs is 24 per cent of the paid up capital of the Indian company and 10 percent for NRIs/PIOs. The limit is 20 per cent of the paid up capital in the case of public sector banks, including the State Bank of India.

The ceiling of 24 per cent for FII investment can be raised up to sectoral cap/statutory ceiling, subject to the approval of the board and the general body of the company passing a special resolution to that effect. And the ceiling of 10 per cent for NRIs/PIOs can be raised to 24 per cent subject to the approval of the general body of the company passing a resolution to that effect. 

The ceiling for FIIs is independent of the ceiling of 10/24 per cent for NRIs/PIOs.
The equity shares and convertible debentures of the companies within the prescribed ceilings are available for purchase under PIS subject to:

- the total purchase of all NRIs/PIOs both, on repatriation and non-repatriation basis, being within an overall ceiling limit of (a) 24 per cent of the company's total paid up equity capital and (b) 24 per cent of the total paid up value of each series of convertible debenture; and

- the investment made on repatriation basis by any single NRI/PIO in the equity shares and convertible debentures not exceeding five per cent of the paid up equity capital of the company or five per cent of the total paid up value of each series of convertible debentures issued by the company.


Monitoring Foreign Investments 

The Reserve Bank of India monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis. For effective monitoring of foreign investment ceiling limits, the Reserve Bank has fixed cut-off points that are two percentage points lower than the actual ceilings. The cut-off point, for instance, is fixed at 8 per cent for companies in which NRIs/ PIOs can invest up to 10 per cent of the company's paid up capital. The cut-off limit for companies with 24 per cent ceiling is 22 per cent and for companies with 30 per cent ceiling, is 28 per cent and so on. Similarly, the cut-off limit for public sector banks (including State Bank of India) is 18 per cent.

Once the aggregate net purchases of equity shares of the company by FIIs/NRIs/PIOs reach the cut-off point, which is 2% below the overall limit, the Reserve Bank cautions all designated bank branches so as not to purchase any more equity shares of the respective company on behalf of FIIs/NRIs/PIOs without prior approval of the Reserve Bank. The link offices are then required to intimate the Reserve Bank about the total number and value of equity shares/convertible debentures of the company they propose to buy on behalf of FIIs/NRIs/PIOs. On receipt of such proposals, the Reserve Bank gives clearances on a first-come-first served basis till such investments in companies reach 10 / 24 / 30 / 40/ 49 per cent limit or the sectoral caps/statutory ceilings as applicable. On reaching the aggregate ceiling limit, the Reserve Bank advises all designated bank branches to stop purchases on behalf of their FIIs/NRIs/PIOs clients. The Reserve Bank also informs the general public about the `caution’ and the `stop purchase’ in these companies through a press release.

The current list of companies allowed to attract investments from FIIs/NRIs/PIOs with their respective ceilings is:
 
List of companies
List of companies which have raised the ceiling from 10% in respect of NRIs investments under PIS (w.e.f. November 29, 2010)
Upto 24%

1
Alembic Chemical Works Co. Ltd.
2
Amar Investments Ltd., Calcutta.
3
Anglo- India Jute Mills Co. Ltd.
4
Arvind Mills, Ahmedabad.
5
Ashima Syntex Ltd, Ahmedabad.
6
Ashoka Viniyoga Ltd.
7
Bharat Nidhi Ltd.
8
BLB Shares & Financial Services Ltd
9
BPL Ltd.
10
Burr Brown (India) Ltd
11
Camac Commercial Company Ltd.
12
Ceenik Exports (India) Ltd.
13
Cifco Finance Ltd., Mumbai.
14
Classic Financial Services & Enterprises Ltd, Calcutta.
15
CPPL Ltd, (Reliance Ind. Infrastructure Ltd) Mumbai.
16
Crest Communication Ltd.
17
CRISIL
18
DCM Ltd.
19
DCM Shriram Consolidated Ltd.
20
Dharani Sugars & Chemicals Ltd
21
Dolphin Offshore Enterprises ( I ) Ltd.
22
Emco Ltd.
23
Essar Oil Ltd.
24
Essar Shipping Ltd., B’lore
25
Essar Steel Ltd.
26
Eveready Industries India Ltd.
27
Fabworth (I) Ltd.
28
Federal Bank Ltd.
29
Ferro Alloys Corporation Ltd., Tumsar.
30
Gammon India Ltd
31
Grasim Industries Ltd.
32
GTL Ltd.(formerly Global Tele-Systems Ltd.)
33
GTL Infrastructure Ltd
34
Hamco Mining & Smelting Ltd.
35
HCL Infosystems Ltd.
36
HEG Ltd
37
Hindustan Development Corp. Ltd, Calcutta.
38
Hindustan Nitroproducts (Gujarat) Ltd.
39
Hindustan Transmission Products Ltd., Mumbai
40
HMG Industries Ltd., Mumbai.
41
Housing Development and Infrastructure Limited
42
Indiabulls Real Estate Ltd.
43
India bulls Securities Ltd.
44
Indiabulls Financial Services Ltd
45 Indiabulls Power Limited (formerly Sophia Power Company Limited)
46
Igarashi Motors India Ltd
47
IVP Ltd
48
Jagatjit Industries Ltd,
49
Jai Parabolic Springs Ltd.
50
Jaysynth Dyechem Ltd.
51
Jindal Strips Ltd.
52
Jindal Iron & Steel Co. Ltd.
53
Jindal Saw Limited (formerly Saw Pipes Limited)
54
JJ Spectrum Silk Ltd.
55
Kartjikeya Paper & Boards Ltd.
56
K Sera Sera Productions Ltd
57
Lakhani India Ltd.
58
M.P. Agro Fertilisers Ltd., Bhopal.
59
Macleod Russel (I) Ltd.
60
Matsushita Television and Audio India Ltd.
61
Max India Ltd
62
Mazda Enterprises Ltd., Mumbai.
63
Media Video Ltd.
64
Monnet Ispat & Energy Limited
65
Multimetals Ltd., Mumbai
66
Neha International Limited.
67
National Steel Industries Ltd.
68
Nicholas Laboratories India Ltd., Mumbai.
69
Networth Stock Broking Limited
70
Nava Bharat Ventures Limited
71
O.P. Electronics Ltd., Mumbai.
72
Oriental Housing Development Finance Corp. Ltd.
73
Pabacea Biotec Ltd.
74
Padmini Technologies Ltd.
75
Pearl Polymers Ltd., New Delhi.
76
Piramal Healthcare Ltd.
77
PNB Finance & Industries Ltd
78
Rajath Leasing & Finance Ltd.
79
Rajesh Exports Limited
80
Rama Petrochemicals Ltd.
81
Rama Phosphates Ltd.
82
Reliance Industries Ltd., Mumbai.
83
Rishra Investment Ltd., Calcutta
84
Rossell Industries Ltd., Calcutta.
85
Sahu Properties Ltd
86
Sanghvi Movers Ltd
87
Saurashtra Paper & Board Mills Ltd.
88
Sayaji Hotel Ltd.
89
SB & T International Ltd
90
Sharyans Resources Ltd.
91
Shanti Gears Ltd.
92
Shibir India Ltd., Calcutta
93
Shrenuj & Company Ltd.
94
Shriram Industries Enterprises Ltd., N. Delhi.
95
Silverline Industries Ltd.
96
Sonata Software Ltd.
97
SRF Ltd.
98
Sterling Lease Finance Ltd., Mumbai.
99
Sujana Metal Products Ltd
100
Svam Software Ltd.
101
Synthetics and Chemicals Ltd., Mumbai.
102
Shrenuj & Company Limited
103
The Champdany Industries Ltd., Calcutta.
104
The Dhanalakshmi Bank Limited
105
The Dharamsi Morarji Chemical Co. Ltd .
106
The Investment Trust of India Ltd.
107
The Morarjee Goculdas Spinning & Weaving Co Ltd, Mumbai.
108
Tolani Bulk Carrier Ltd.
109
Unitech Limited.
110
Uniworth International Ltd.
111
Vaibhav Gems Ltd.
112
Valecha Engineering Ltd.
113
VisualSoft Technologies Ltd.
114
Weltermann International Ltd.
115
Woolworth (India) Ltd.
116
Yes Bank Ltd.
117
Zora Pharma Ltd.
118
M/s. Redington(India) Ltd.(w.e.f. 29.11.2010)
119
M/s. Compuage Infocom Limited (w.e.f. 4.3.2011)
120
M/s. Kitex Garments Limited (w.e.f. 8.7.2011)
121
M/s Indiabulls Wholesale Services Ltd (w.e.f. 26.08.2011)
122
M/s Gitanjali Gems Ltd ( wef 16.09.2011)
123
Everonn Education Limited ( w.e.f 6.1.2012)
124
Indiabulls Infrastructure and Power Ltd ( w.e.f. 20.1.2012)
125
M/s Crew B.O.S. Products Limited (w.e.f. 16-1-2013)
126
M/s. Indiabulls Housing Finance Limited(w.e.f.19.03.2013)
127
M/s. Shilchar Technologies Limited(w.e.f. 20.03.2013)


Upto 17%
1
Garware Shipping Corporation Ltd.
 
LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 30% OF THEIR PAID UP CAPITAL UNDER PIS
1
Asian Paints (India) Ltd
2
Capital Trust Ltd
3
Container Corporation of India
4
Divi’s Laboratories Ltd
5
Ferro Alloys Corporation Ltd
6
Garware Polyester Ltd
7
GIVO Ltd (formerly KB & T Ltd)
8
Mahindra Gesco Developers Ltd
9
Orchid Chemicals and Pharmaceuticals Ltd
10
Penta Soft Tec(Pentafour Communications Ltd)
11
Polyplex Corporation Ltd
12
Ranbaxy Laboratories Ltd
13
Shasun Chemicals Ltd
14
Sonata Software Ltd
15
The Paper Products Ltd
16
Vikas WSP Ltd
17
The ING Vysya Bank Limited (w.e.f. 03-01-2013)


LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 40% OF THEIR Paid Up Capital
1
Adlabs Films Ltd.
2
Aftek Infosys Ltd.
3
Balaji Telefilms Ltd.
4
Bharat Forge Ltd
5
Burr Brown (India )Ltd
6
Cipla Ltd.
7
Elbee Services Ltd
8
Glenmark Pharmaceuticals Ltd
9
Gujarat Ambuja Cements Ltd
10
HEG Ltd
11
Hero Honda Motors Ltd
12
Jindal Steel & Power Ltd
13
Jyoti Structures Ltd
14
Maars Software International Ltd
15
Mount Everest Mineral Water Ltd
16
Padmini Technologies Ltd.
17
Rajasthan Spinning & Weaving Mills Ltd
18
Rico Auto Industries Ltd.
19
Shanti Gears Ltd.
20
Silverline Technologies Ltd.
21
Suven Life Sciences Ltd.
22
The India Cements Ltd.
23
The Indian Hotels Company Ltd
24
Thiru Arooran Sugars Ltd.
25
UTV Software Communications Ltd
26
Visual Soft Technologies Ltd.
27
Ways India Ltd.
28
Shemaroo Entertainment Limited (w.e.f. 24.02.2012)
29
Radico Khaitan Limited (w.e.f. 06.02.2013)
30
Apollo Tyres Ltd.(w.e.f. February 14, 2013, updated from earlier limit of 30%)
31
Havells India Ltd (w.e.f. April 23, 2013, updated from earlier limit of 24%)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO 49% OF THEIR Paid Up Capital
1
Alok Industries
2
Auribindo Pharma Ltd.
3
Arvind Mills Ltd
4
Balakrishna Industries Ltd
5
Blue Dart Express Ltd
6
CRISIL
7
Digital GlobalSoft Ltd.
8
Dr. Reddy’s Laboratories Ltd.
9
D. S. Kulkarni Developers Ltd.
10
Federal Bank Ltd.
11
Financial Technologies (I) Ltd
12
HDFC Bank Ltd
13
Himachal Futuristic Communications Ltd.
14
Hindustan Lever Ltd.
15
Hughes Software Ltd.
16
ICICI Bank Ltd.
17
Ind-Swift Laboratories Ltd.
18
Karnataka Bank Ltd.
19
LIC Housing Finance Ltd.
20
Marksans Pharma Ltd.
21
Mahindra & Mahindra Ltd.
22
Mastek Ltd
23
Max India Ltd
24
McDowell & Co Ltd
25
NIIT Ltd.
26
NIIT Technologies Ltd.
27
Panacea Biotec Ltd.
28
Reliance Capital Ltd.
29
Reliance Energy Ltd.
30
Reliance Industries Ltd.
31
Reliance Petroleum Ltd.
32
SB & T International Ltd.
33
Sadbhav Engineering Limited
34
S. Kumars Nationwide Ltd
35
Soffia Software Ltd
36
Strides Arcolabs Ltd
37
Sun Pharmaceutical Industries Ltd.
38
Swaraj Mazda Ltd
39
The South Indian Bank Ltd
40
The Dhanalakshmi Bank Limited
41
SPANCO Limited
42
United Breweries Ltd
43
United Phosphorus Ltd
44
UTI Bank Ltd.
45
Vimta Labs Ltd.
46
Wockhardt Ltd.
47
Yes Bank Ltd.
48
Zeefilms Ltd.
49
Welspun India Ltd (w.e.f. 10.02.2010)
50
IndusInd Bank Limited (w.e.f. 26-11-2012)
51
IRB Infrastructure Developers Ltd (w.e.f. 05.02.2013)
52
Sunil Hi Tech Engineers Limited (w.e.f.09.05.2013)
LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO LIMITS FIXED BY COMPANIES AS INDICATED AGAINST THEIR NAMES
1
Amtek Auto Ltd (74%)
2
Advanta India Limited 49%
3
Amtek India Ltd (74%)
4
Ahmednagar Forgings Ltd (74%)
5
Anant Raj Industries Ltd. (40%)
6
ANG Auto Ltd (49%)
7
Apollo Hospitals (74%)
8
Aptech Ltd (74%)
9
Arshiya International Limited (49%)
10
Ansal Properties Infrastructure Limited (49%)
11
Bhagwati Banquets & Resorts Ltd.
12
Bombay Rayon Fashions Ltd (26%)
13
Bajaj Auto Finance Ltd (30%)
14
Bajaj Hindusthan Limited (74%)
15
Balrampur Chini Mills Ltd (60%)
16
Birla Power Solutions Ltd. (74%)
17
Core Projects & Technologies Ltd.(74%)
18
Cranes Software International Limited (60%)
19
Crest Communication Ltd (50%)
20
CESC Ltd. (49%)
21
CREW B.O.S. Products Ltd. -(49%)
22
DCM Ltd - (49%)
23
Development Credit Bank Ltd. - (49%)
24
Dagger-Forst Tools Ltd. - (74%)
25
Emco Ltd - (49%)
26
Escorts Ltd - (49%)
27
Era Construction (India) Ltd - (40%)
28
Fedders Lloyd Corporation Limited (74%)
29
Ganesh Housing Corporation Ltd.(49%)
(formerly Ganesh Housing Finance Corporation Ltd)
30
Gammon India Ltd - (49%)
31
Garware Offshore Services Ltd-(60%)
32
Godrej Consumer Products Ltd (35%)
33
Great Offshore Limited-(49%)
34
GTL Ltd. – (74%)
35
GTL Infrastructure Ltd. – (74%)
36
Gujarat Pipavav Port Limited (45%) (w.e.f May 29, 2012)
37
HTMT Global Solutions Ltd.-(74%)
38
Hindustan Construction Co Limited – (49%)
39
Hindalco Industries Limited – (40%)
40
Igarashi Motors India Ltd. - (40%)
41
Il & FS Investment Managers Ltd- 74%
42
ICSA (INDIA) Ltd. - (49%)
43
I-Flex Solutions Ltd. (60%)
44
India Nivesh Limited (49%)
45
Infrastructure Development Finance Company Limited (74%)
46
Info Edge (India) Ltd. (40%)
47
International Conveyor Limited (74%)
48
IOL Broadband Ltd. - (49%)
49
Jai Corp Ltd. -(49%)
50
Jindal Saw Limited (49%) (formerly Saw Pipes Limited )
51
Jaisal Securities Limited  (50%)
52
Jaiprakash Associates Ltd. (45%)
53
JSW Steel Limited – (49%)
54
Jupiter Bioscience Ltd. - (70%)
55
Kamdhenu Ispat Ltd. (49%)
56
Karuturi Networks limited (74%)
57
KEI Industries Ltd. - (49%)
58
Kotak Mahindra Bank Ltd (35% w.e.f. 12-10-2012, updated from earlier limit of 33%)
59
KPIT Cummins Infosystems Limited (49%)
60
Laxmi Energy & Foods Ltd (Lakshmi Overseas Industries Ltd) (49%)
61
Lloyd Electric & Engineering Ltd (74%)
62
Logix Microsystems Ltd - (74%)
63
Micro Technologies (India) Limited (49%)
64
Maharashtra Seamless Limited (40%)
65
McDowell Holdings Ltd -(49%)
66
Mercator Lines Ltd (70%)
67
Monnet Ispat & Energy Limited (40%)
68
Moser Baer India Ltd (74%)
69
MARG Limited (40%)
70
McLeod Russel India Limited (40%)
71
Network 18 Media & Investments Limited (Formerly Network 18 Fincap Ltd) - 49% (FIIs/NRIs/PIO upto 40%)
72
Neha International Limited (49%)
73
Nagarjuna Construction Company Ltd. (74%)
74
Nava Bharat Ventures Limited (40%)
75
NITCO Tiles Ltd. (60%)
76
Northgate Technologies Ltd (74%)
77
Om Metals Infra projects Ltd.(49%)
78
Opto Circuits (India) Ltd (40%)
79
Paramount Communications Ltd (39%)
80
81
82
Pritish Nandy Communications Ltd (60%)
83
84
Piramal Healthcare Limited (49%)
85
PTC India Ltd. - (60%)
86
Punjab Tractors Ltd. (64%)
87
88
89
M/s. Prime Securities Limited (74%)
90
Parekh Aluminex limited (74%)
91
Precoated Steels Limited (49%)
92
Peninsula Land Limited (40%)
93
Parsvnath Developers Limited (40%)
94
95
96
Sakthi Sugars Ltd (50%)
97
98
Satnam Overseas Ltd (51%)
99
Satyam Computer Services Ltd (60%)
100
101
102
103
Srei Infrastructure Finance Ltd (64%)
104
Subex Systems Ltd. (74%)
105
106
SSI Ltd (74%)
107
SESA GOA Limited (45%)
108
109
Suzlon Energy Limited –(49%)
110
Tata Motors Ltd.(35%)
111
Tata Tea Ltd (35%)
112
The Tata Power Company Ltd (35%)
113
114
115
116
117
118
Unichem Laboratories Ltd (39%)
119 United Spirits Limited (59%)
120
Vaibhav Gems Ltd (60%)
121
122
123
Voltas Limited (30%)
124
125
Zicom Electronic Security System Ltd (74%)
126
S.E Investments Limited (74% - 28.01.2010)
127
KRBL Limited (49% w.e.f. – March 15, 2010)
128
129 Hathway Cable & Datacom Limited – (49% w.e.f.-May 21,2010)
130 Rei Agro Limited (75% w.e.f.July 7, 2010)
131 Rural Electrification Corporation Ltd (35% w.e.f.30.9.2010).
132 Cox and Kings (India) Limited (74% w.e.f.-October 5, 2010)
133 GMR Infrastructure Limited (35% w.e.f.October 22, 2010)
134 GCV Services Limited (49% w.e.f. December 23, 2010)
135 IVRCL Assets & Holdings Limited (49% w.e.f. 7.2.2011)
136 SVC Resources Ltd. (49% w.e.f. 9.2.2011)
137 Marico Limited (35% w.e.f.25.2.2011)
138 Compuage Infocom Limited (49% w.e.f. 4.3.2011)
139 Lupin Limited (33% w.e.f. 28.4.2011)
140 Tecpro Systems Limited (49% w.e.f. 6.5.2011)
141 Era Infra Engineering Limited(65% w.e.f. 12.5.2011)
142 VA Tech Wabag Limited (49% w.e.f.16.6.2011)
143 Jubilant FoodWorks Limited ( 49 % w.e.f 26.08.2011)
144 Info-Drive Software limited (49 % w.e.f. 26.08.2011)
145 Gitanjali Gems Ltd ( 50% wef 16.09.2011)
146 Mahindra & Mahindra Financial Services Ltd ( 49 % wef 03.10.2011)
147 Jain Irrigation Systems Limited ( 60% wef 17.10.2011)
148 The Karur Vysya ank Limited ( 35 % wef 17.10.2011)
149 Nava Bharat Ventures Ltd (60 % wef 18.11.2011)
150 Polaris Financial Technology Limited (49.90% wef 20.12.2011)
151 SKS Microfinance Limited (74% wef 6.1.2012)
152 Just Dial Limited (49% wef 20.1.2012)
153 Dewan Housing Finance Corporation Limited (60% wef 02.02.2012)
154 Kavveri Telecom Products Limited (35% wef 09-04-2012)
155 VKS Projects Limited (40% wef 05-09-2012)
156 AIA Engineering Limited (49% w.e.f. 12-09-2012)
157 HCL Technologies Limited (30% w.e.f.11-10-2012)

LIST OF COMPANIES IN WHICH FII INVESTMENT IS ALLOWED UPTO SECTORAL CAP/STATUTORY CEILING OF THEIR PAID UP CAPITAL
1
AZTEC Software and Technology Services Ltd - (100%)
2
3
4
Gateway Distriparks Ltd - (100%)
5
Geodesic Information Systems Ltd- (100%)
6
Geometric Software Solutions Ltd – (100%)
7
8
HCL Infosystems Ltd. – (100%)
9
Hexaware Technologies Ltd – (100%)
10
Housing Development and Infrastructure Limited – (100%)
11
12
Indiabulls Financial Services Ltd – (100%)
13
Indiabulls Securities Limited - (100%)
14 Indiabulls Power Limited (100%)
(formerly Sophia Power Company Limited)
15
Infotech Enterprises Limited (100%)
16
Infosys Technologies Ltd. – (100%)
17
IVRCL Infrastructures & Projects Ltd (100%)
18
19
Mascon Global Ltd. – (100%)
20
Mphasis BFL Ltd – (100%)
21
Orbit Corporation Limited (100%)
22
Pentamedia Graphics Ltd.- (100%)
23
Pentasoft Technologies Ltd. – (100%)
24
25
26
IFCI Limited. (74%)
27
Reliance Communications Ltd – (74%)
28
Sujana Metal Products Ltd - (100%)
29
30
Sujana Universal Industries Ltd - (100%)
31
Shrenuj & Company Limited- (100%)
32
33
Interworld Digital Limited (100%)
34 Shobha Developers Limited (100% - Feb 3, 2010)
35 Everonn Education Ltd. (100% w.e.f.June 4, 2010)
36 Redington (India) Limited (100% w.e.f. November 29, 2010)
37 Indiabulls Wholesale Services Ltd (100% w.e.f August 23, 2011)
38 eClerx Services Limited ( 100% wef December 20, 2011)
39 Indiabulls Infrastructure and Power Ltd (100% w.e.f Jan 20,2011)
40 Housing Development Finance Corporation Limited (100% w.e.f. May 24, 2012)
41 Phoenix Mills Limited( 100% w.e.f. July 27 2012, Revised from earlier limit of 49%)
42 MindTree Limited (100% w.e.f.23-08-2012)
43 Gayatri Projects Limited( 100 %w.e.f. 21-11-2012)
44 Indiabulls Housing Finance Limited (100% w.e.f.19.03.2013)
45 Tara Jewels Limited (100% w.e.f.13.05.2013)

LIST OF PRINT MEDIA COMPANIES IN WHICH FDI / FII INVESTMENT IS ALLOWED
1
Jagran Prakashan -26%
2 Deccan Chronicle Holdings Ltd – 24% (FIIs upto 14%)
3
IBN 18 Broadcast Ltd.-26%
Companies in which overall FII ceiling has reached and no further purchases are allowed Companies falling under 24 %
1
Panyam Cements and Minerals Industries Ltd.
2
Elpro International Limited (wef 25.08.2011)
3
Anil Modi Oil industries Ltd (wef 25.08.2011)
4
Voltamp Transformers Limited(wef 26-09-2012)
5
Pantaloon Retail (India) Limited( wef 23-1-2013)
6
Maruti Suzuki India Ltd (w.e.f. 25.02.2013)
7
City Union Bank Ltd (w.e.f.01.03.2013)

Companies falling under 30 %
None

Companies falling under 49% limit
None

Companies where 38% FII limit has been reached and further purchases are allowed with prior approval of RBI.
None

Companies where 28% FII limit has been reached and further purchases are allowed with prior approval of RBI.
None

Companies where 22% FII limit has been reached and further purchases will be allowed with prior approval of RBI
1
Grasim Industries Limited
2
GSS Infotech Limited (GSS America Infotech Limited) (w. e. f. 25-9-2012)
3
CMC Ltd (w.e.f.30.04.2013)

Companies where NRI/PIO Investment has already reached 10 % and no further purchases can be allowed
1
Chandraprabhu Housing Ltd
2
Coxswain Technology Ltd (Kaveri Biotech Ltd)
3
Dev Sugars Ltd
4
Dharendra Industries Ltd
5
DSQ Biotech Ltd
6
Fintech Communications
7
IQMS Software Ltd
8
Kakatiya Cement Sugar & Industries Ltd
9
Madras Aluminium Co. Ltd.
10
Rama Phosphates Ltd
11
SGN Telecom
12
SPL Ltd.
13
Squared Biotech Ltd
14
Tai Industries Ltd.
15
16
17

Companies where the NRI investment has reached the trigger point of 8% and further purchases are allowed only with prior permission of RBI
1
Codura Exports Ltd
2
Cosmo Films Ltd
3
Dalmia Cement (Bharat) Ltd
4
Deccan Cements Ltd
5
Garden Silk Mills Ltd.
6
Nexus Software Ltd
7
Polyplex Corporation Ltd
8
Premier Explosives Ltd
9
Teledata Technology Solutions Limited (w.e.f.05.03.2013)
10
Teledata Informatics Limited (Name changed to: Agnite Education Limited but not incorporated in BSE site) (w.e.f.05.03.2013)

Companies in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investment as stipulated by Government has been reached.
None
Companies in which the Caution limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached.
None



Print Media Companies in which the Caution limit in respect of maximum permissible foreign holding including FDI/NRI/PIO/FII Investments as stipulated by Government has reached.
None

Print Media Companies in which the Ban limit in respect of maximum permissible foreign holding including FDI/NRI/PIO/FII Investments as stipulated by Government has reached.
None

 Public Sector banks in which 20% limit has been reached and no further investments are permitted
None
Public Sector banks in which 18% caution limit has been reached and further purchases by FIIs/NRIs/PIOs are allowed only with prior permission of RBI
1 Punjab National Bank
2 Dena Bank

Private Sector Banks in which the Caution limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached
1 The South Indian Bank Limited

Private Sector Banks in which the Ban limit in respect of maximum permissible foreign holding including GDR/ADR/FDI/NRI/PIO/FII Investments as stipulated by Government has reached
None
Private Sector Banks in which the Caution limit in respect of FIIs Investment has reached.
None

Private Sector Banks in which the Ban limit in respect of FIIs Investment has reached 49%.
1 Yes Bank Ltd (w.e.f. 04.03.2013)

 

 

 

Ozg Regulatory Consultant

Ozg Center, New Delhi & Mumbai 


Phone # 09811415831-37-61-72-84-92-94

 

Website: Regulatory.in

 

Email: regulatory.consultant@ozg.co.in