Foreign investment in Alfa Transformers reaches trigger limit

Reserve Bank of India has notified that the foreign share holding in Alfa Transformers by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 8%. Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India. Alfa Transformers produces Electrical Distribution & Power Transformers ranging from 10KVA, 12KV Class to Transformers of 10 MVA, 36 KV Class.