Corporate Announcement
Security Code : 532843    Company : FORTIS    
 
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  Exchange Received Time  25/05/2017 19:00:57         Exchange Disseminated Time   25/05/2017 19:01:01              Time Taken   00:00:04
This is to inform that the Board of Directors have today, approved a proposal to enhance the ceiling limit on total holdings of FII/SEBI approved sub-accounts of FIIs, FPIs, QFIs, Non Resident Indians (NRIs) and Person of Indian Origin (PIO) under the Portfolio Investment Scheme upto 74% of the paid-up equity capital of the Company.



The said increase is subject to the approval of the shareholders and such statutory/ regulatory approvals as may be necessary in this regard.



Further, the Board has also approved the Notice of Postal Ballot along with Appointment of scrutinizer for the same.

 

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