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The Reserve Bank of India on Wednesday notified that foreign institutional investors (FIIs)/registered foreign portfolio investors (RFPIs) and non-resident Indians can now invest up to 100 per cent and 24 per cent, respectively of the paid-up capital of Transwarranty Finance under the portfolio investment scheme.
Currently, the company does not have any institutional presence. Sterling Biotech holds 2.20 per cent stake in the firm.
Published on January 6, 2016
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