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Saturday, 23 February 2013

R.B.I. Investment by FIIs under PIS

Investment by FIIs under PIS : M/s Havells India Ltd

The Reserve Bank of India today notified that M/s Havells India Ltd. has crossed the overall limit of 24 per cent of its paid-up capital. Therefore, no further purchases of share of this company would be allowed through stock exchanges in India on behalf of Foreign Institutional Investors.

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