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RBI approval for Increase in Foreign Portfolio Investment

| Updated on February 24, 2016 Published on February 24, 2016

Ponni Sugars (Erode) Ltd has informed BSE that the Company passed a Special Resolution through Postal Ballot on January 22, 2016 for increasing the aggregate limit in the Foreign Portfolio Investment in the Equity Shares of the Company from 24% to 49%.

Further the Company has informed that, Reserve Bank of India vide letter dt. February 24, 2016 has now conveyed its approval for the above. A copy of the same is enclosed.

Pdf Link: >RBI approval for Increase in Foreign Portfolio Investment

Source : BSE - >www.bseindia.com

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Published on February 24, 2016
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