Investment by NRIs/PIOs in Rajesh Exports Ltd reaches 10% limit

The Reserve Bank of India on March 29, 2007 has notified that the aggregate share holding of Non-Residents Indians (NRIs)/Persons of Indian Origin (PIOs) in Rajesh Exports Ltd., has reached the overall limit of 10 per cent of its paid up capital. The Reserve Bank has stated that no further purchases of shares of Rajesh Exports Ltd., should, therefore, be made through stock exchanges in India on behalf of NRIs/PIOs.

Source : Equity Bulls

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