FIIs and FPIs can invest 49% in Gammon Infrastructure Project

Q.  Upto what percent the Foreign Institutional Investors (FIIS) and Foreign Portfolio Investors (FPIs) can now invest in Gammon Infrastructure Projects Ltd?
- Published on 17 May 15

a. 49%
b. 51%
c. 55%
d. 75%

ANSWER: 49%
 
The RBI in a statement issued on 27th May’15 said that the purchases could be made through primary market and stock exchanges. The board of Gammon has passed resolutions and the shareholders have passed a special resolution, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/RFPIs.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲