GVK Power to increase FII limit to 74%

GVK Power & Infrastructure Ltd has announced that the Board of Directors of the Company at its meeting held on March 06, 2007, whereby, subject to the approval of the shareholders as prescribed under Master Circular on Foreign Investments in India dated July 01, 2006 issued by the Reserve Bank of India, the Board authorized the increase of the limit of investment by Foreign Institutional Investors including their sub accounts in equity shares of the Company upto 74% of the paid up equity share capital of the Company.

Source : Equity Bulls

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