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RBI withdraws curbs on FII buy in TV18

RBI withdraws curbs on FII buy in TV18
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First Published: Mon, Aug 30 2010. 06 12 PM IST
Updated: Mon, Aug 30 2010. 06 12 PM IST
Mumbai: The Reserve Bank of India (RBI) said on Monday it has withdrawn restrictions on purchase of Television Eighteen India Ltd shares by foreign institutional investors as the holding has fallen below the prescribed threshold limit.
The central bank, which monitors foreign fund holding in Indian firms, usually issues an alert when the holding reaches a trigger limit, which is slightly below the holding limit in the firm, after which all purchases by foreign funds will need RBI’s nod.
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First Published: Mon, Aug 30 2010. 06 12 PM IST
More Topics: TV18 | RBI | FII | Shares | Economy and Politics |