The Reserve Bank of India (RBI) said that FIIs purchase of equity shares in Repco Home Finance has been raised to 49% of their paid-up capital under the Portfolio Investment Scheme.
The foreign shareholdings by FIIs/RFPIs in Repco Home Finance have gone below the revised threshold limit. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect.
The Reserve Bank said that the company has passed resolutions at its board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.
