Indian Express

Express India

Screen

Loksatta

Express Cricket

Kashmir Live

Biz Publications

| Make this your homepage | Feedback

Home Print Edition Latest News Stocks epaper Archives Subscribe Company Info

Events

FE Events

Group Events

FE Home - Story

RBI allows FIIs to buy equity of Zee News

Agencies
Posted online: Saturday , January 05, 2008 at 00:00 hrs
Updated On: Saturday , January 05, 2008 at 20:01 hrs

Font Size

Feedback

Discuss

Save & Share Article

What’s this?

Digg	My Yahoo	Fark
del.icio.us	Newsvine	Reddit

Rate This Article

Rating: 10

The Reserve Bank has allowed foreign investors to purchase shares of Zee News under the portfolio investment scheme.

"Foreign Institutional Investors/Non-Resident Indians/Persons of Indian Origin can now purchase equity shares of Zee News Limited under PIS (portfolio investment scheme) through secondary market," the central bank said in a press release yesterday.

RBI allowed the purchase of shares of Zee News by foreign investors as the holdings of FIIs in the company have gone below the prescribed threshold limit stipulated under the Foreign Direct Investment policy of the government.

Ads by Google

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views represented here are not neccesarily endorsed by www.financialexpress.com and its allied websites. All messages will be moderated and no message that has inflammatory, abusive, derogatory language or any language deemed unfit for publication by the editor will be displayed. Though it will be endeavoured that as many messages as possible be displayed, there will be time lag between the submission and publication of the messages. The website reserves the right to publish or reject any message.

I agree to the terms of use.

Most Read Articles

More

Shaadi Matrimonials
Get Marriage Proposals by Email EVERYDAY!Register FREE on Naukri.com.
200000+ Hot Job Openings!Yatra Offers
10% cash back on Master Card Send Gifts
Flowers and Gifts Express Classifieds
Post and view free classifieds ad Express Astrology
Know what's in the stars for you

Most Emailed

More

Home Print Edition Latest News Stocks epapers Archives Subscribe Company Info