Tuesday, 11 February 2014

RBI raises FII limit in Dabur India to 30%

Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Dabur India to 30% of its paid-up capital. RBI has notified that FIIs, through primary market and stock exchanges, can now purchase up to 30% of the paid up capital of Dabur under the Portfolio Investment Scheme (PIS).  Dabur India has passed resolutions at the board of directors' level and a special resolution by the shareholders, agreeing to enhance the limit for the purchase of its equity shares and convertible debentures by FIIs.

Dabur India is one of the largest FMCG Company in India. Building on a legacy of quality and experience of over 125 years, Dabur operates in key consumer products categories like Hair Care, Oral Care, Health Care, Skin Care, Home Care & Foods.

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