NRI holding in CHL reaches trigger limit of 8%

| Updated on June 05, 2014

The Reserve Bank of India on Thursday said that the shareholding of non-resident Indians and persons of Indian origin in CHL Ltd under the portfolio investment scheme had reached the trigger limit of 8 per cent. Any purchase of equity shares of CHL Ltd by NRIs now would require the prior approval of the central bank, it said. Shares of CHL closed at ₹17.95 on the BSE, up 4.36 per cent from its previous close.

Published on June 05, 2014

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