RBI allows upto 40% FII investment in Info Edge
RBI has allowed foreign institutional investors (FIIs) to pick up stakes in three companies : Tourism Finance Corporation of India, Tulip IT Services and Info Edge India under the portfolio investment scheme (PIS).
The FIIs holding under the PIS can go up to 49 per cent in the Tourism Finance Corporation and 40 per cent each in Tulip IT Services and Info Edge India. [source]
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About the author - Ashish Sinha is a Startup Mentor/Product Strategy Coach, and the founder/chief editor of pluGGd.in.
He has launched/managed couple of products (consumer as well as enterprise) in US and India, and now consults with startups/small businesses on their product/media strategy. He can be reached at: ashish (at) pluGGd.in [+91 98452 06443]
