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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (9479)11/8/1999 10:10:00 PM
From: Mohan Marette  Read Replies (1) of 12475
 
FII holdings in Satyam reaches 28%

08-11-1999 19:08:26

Fresh investment in Satyam Computer Services Ltd by foreign institutional investors (FIIs) would require prior permission of the Reserve Bank of India (RBI). According to a press release by the central bank, FIIs holding in the company has crossed 28% and fresh buying would need its prior approval. The ceiling on FII holdings in Satyam Computer is 30%.(indiainfoline)

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