Corporate Announcement
Security Code : 532843    Company : FORTIS    
 
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  Exchange Received Time  07/07/2017 17:35:18         Exchange Disseminated Time   07/07/2017 17:35:25              Time Taken   00:00:07

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.

This is for your kind information and records purposes.
 

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