Under the portfolio investment scheme, FIIs are allowed to buy up to 49 percent of the paid-up capital in the bank through primary or secondary markets subject to aggregate foreign investment limit not exceeding sectoral cap of 74 percent.
Foreign investors would now have to get prior permission from the Reserve Bank for buying shares in IndusInd Bank as such investment limit in the entity has reached the trigger limit. The Reserve Bank of India (RBI) today said foreign shareholding through foreign institutional investors, NRIs, persons of Indian origin or via foreign direct investment in IndusInd Bank has reached the trigger limit.
"Hence, further purchases of equity shares of Induslnd Bank would be allowed only after obtaining prior approval of the Reserve Bank of India," RBI said in a release. Under the portfolio investment scheme, FIIs are allowed to buy up to 49 percent of the paid-up capital in the bank through primary or secondary markets subject to aggregate foreign investment limit not exceeding sectoral cap of 74 percent.
Also Read: More banks importing gold can bring down prices, says RBI
RBI tracks ceilings on investments by FIIs, non-resident Indians and persons of Indian origin on a daily basis. The cut-off limit has been set at two percentage points lower than the actual ceiling. When the net equity investment in a company reaches cut-off level, additional buying of shares will require RBI's approval.
As per data available on BSE, FIIs held 41.13 percent shares in IndusInd Bank as of quarter ended December 2013. Shares of IndusInd Bank fell 1.57 percent to Rs 507.4 at the close on the BSE today.
IndusInd Bank stock price
On April 10, 2014, IndusInd Bank closed at Rs 511.90, down Rs 4.6, or 0.89 percent. The 52-week high of the share was Rs 530.60 and the 52-week low was Rs 318.00.
The company's trailing 12-month (TTM) EPS was at Rs 25.09 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 20.4. The latest book value of the company is Rs 144.96 per share. At current value, the price-to-book value of the company is 3.53.
Anda sedang membaca artikel tentang
FIIs need RBI nod to buy further shares in IndusInd Bank
Dengan url
http://gayafashionshow.blogspot.com/2014/04/fiis-need-rbi-nod-to-buy-further-shares.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
FIIs need RBI nod to buy further shares in IndusInd Bank
namun jangan lupa untuk meletakkan link
FIIs need RBI nod to buy further shares in IndusInd Bank
sebagai sumbernya
0 komentar:
Posting Komentar