Platinum Member
93937 Followers
United Breweries (Holdings) Limited had informed the Exchange that the Board of Directors at their meeting held on July 28, 2009 has decided to limit the investment by Foreign Institutional Investor (FIIs) to twenty six per cent (26%) of the Paid Up Equity Share Capital of the Company. The Company has now informed the Exchange that the Reserve Bank of India (RBI) has vide its Press Release dated September 03, 2009 have revised the limit for purchase of the equity shares and convertible debentures by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme from forty nine per cent (49%) to twenty six per cent (26%) of the Paid Up Equity Share Capital of the Company. Foreign Institutional Investors can now purchase under the Portfolio Investment Scheme through primary market and stock exchanges, equity shares and convertible debentures of the Company provided: i) The total purchases of all FIIs does not exceed the applicable overall ceiling limits of 26 per cent of total paid up equity capital and total paid-up value of each series of convertible debentures of the Company. ii) The purchases of equity shares by a single FII / SEBI approved sub-account of a registered FII in the Company does not exceed ten per cent of the paid-up equity capital of the Company.
9.58 AM Sep 7th 2009  | Track

No Replies
UB HOLDINGS NETWORK
nileshsingh
Gold Member
samtheripper
Platinum Member
khakra
Platinum Member
aruns2319
New Member
ASKMAYUR
New Member
Related stocks
742 messages Platinum Member

101
KotakInvestment
Platinum Member

11726
marketman
Platinum Member

4333
Santosh Nair
Platinum Member

4293
Indira Vergis
Platinum Member

2854
chief_kamani
Platinum Member

2579
Expert Chartist
Platinum Member

4896
Market Statistician
Platinum Member

3388
Shishir Asthana
Platinum Member

1286
Indira Vergis
Platinum Member

2854
Santosh Nair
Platinum Member

4293
Gold price could top 2,000$. Do you see that happening?
Yes
No

Explore Messageboard