At 10:28 AM, shares of ING Vysya Bank were trading flat at Rs. 925, while the benchmark BSE Sensex is trading up 54 points at 29,030
Reserve Bank of India on Monday said foreign investors would be required to obtain RBI's prior approval for buying further shares in ING Vysya Bank, as foreign shareholding in the bank has reached the trigger limit.
The foreign shareholding through FIIs/Foreign Portfolios Investors (FPIs)/NRIs/PIOs/ADR/GDRs in ING Vysya Bank has reached the trigger limit, RBI said in a press release.
"Hence, further purchases of equity shares of this bank would be allowed only after obtaining prior approval of the Reserve Bank of India," RBI added.
At 10:28 AM, shares of ING Vysya Bank were trading flat at Rs. 925, while the benchmark BSE Sensex is trading up 54 points at 29,030
Reserve Bank of India on Monday said foreign investors would be required to obtain RBI's prior approval for buying further shares in ING Vysya Bank, as foreign shareholding in the bank has reached the trigger limit.
The foreign shareholding through FIIs/Foreign Portfolios Investors (FPIs)/NRIs/PIOs/ADR/GDRs in ING Vysya Bank has reached the trigger limit, RBI said in a press release.
"Hence, further purchases of equity shares of this bank would be allowed only after obtaining prior approval of the Reserve Bank of India," RBI added.
At 10:28 AM, shares of ING Vysya Bank were trading flat at Rs. 925, while the benchmark BSE Sensex is trading up 54 points at 29,030
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