Home | April 2015News | YES BANK Board approves proposal to increase FII/FPI limits to 74% |
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YES BANK Board approves proposal to increase FII/FPI limits to 74%
- YES BANK Board approves proposal to increase FII/FPI limits to 74%
- April 30, 2015
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The Board of Directors of the Bank at their Meeting held on April 22, 2015, have approved the proposal.
Mumbai : Management proposal to seek final approval of Shareholders for increase in the limit for the FII / FPI of upto maximum 74% of the paid up share capital of the Bank from the existing limit of 49% of the paid up share capital, considering the following;
The Union Budget for 2015-2016 has announced that distinction between different types of foreign investments, especially between foreign portfolio investments and foreign direct investments to be done away with and replaced with composite...
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