Monitoring of Foreign Investment under the PIS in Indian Companies - Removal from the Caution List- FII/NRI/PIO/FDI/ADR/GDRs: The South Indian Bank Limited

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..... Monitoring of Foreign Investment under the PIS in Indian Companies - Removal from the Caution List- FII/NRI/PIO/FDI/ADR/GDRs: The South Indian Bank Limited
News and Press Release
Dated:- 18-1-2 .....

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The Reserve Bank of India has today notified that the foreign share holding through Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)/Foreig .....

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..... n Direct Investment (FDI)/American Depository Receipt (ADR)/Global Depository Receipts (GDRs) in The South Indian Bank Limited have gone below the prescribed threshold caution limit stipulated under t .....

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..... he extant FDI policy. Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. It may also be noted that all the approvals received against th .....

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..... e said scrip are duly cancelled. Equity shares of The South Indian Bank Limited can now be purchased through primary market and stock exchanges. Ajit Prasad Assistant General Manager
News - Pres .....

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..... s release - PIB .....

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