RBI disallows Investment by FIIs/NRIs/PIOs under PIS in Dish TV India Ltd

The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), no further purchases of shares of Dish TV India Ltd., should be made on behalf of Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) through stock exchanges in India. The Reserve Bank has stated that Dish TV India Ltd., has reached the over all limit of 49 per cent of its paid up capital.

The stock closed the day at Rs.109.75, up by Rs.4.25 or 4.03%. The stock hit an intraday high of Rs.113.90 and low of Rs.106.85. The total traded quantity was 5499295 shares compared to 2 week average of 10817343.

Source : Equity Bulls

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