Investment by FIIs under PIS with HDFC

By Accommodation Times Bureau

The Reserve Bank of India on 24th May 2012 notified that M/s. Housing Development
Finance Corporation Limited has passed resolutions at the board of directors’ level,
to enhance the limit for purchase of its equity shares and convertible debentures by
Foreign Institutional Investors (FIIs), through primary market and stock exchanges,
under the Portfolio Investment Scheme up to 100 per cent of its paid up capital.

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