Credit Analysis & Research gets nod to increase FII shareholding limit: Media Report

Posted By: Religare
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Credit Analysis & Research gets nod to increase FII shareholding limit
The Reserve Bank has allowed Credit Analysis & Research to increase FII shareholding limit up to 74 per cent of the paid up capital of the company, reported PTI.

"... Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 74 per cent of the paid up capital of Credit Analysis & Research Limited under the Portfolio Investment Scheme (PIS)," RBI said in a release.

The company has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing to enhance the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs), the release said.

Read more about: credit analysis research
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