|
| Exchange Disseminated Time 27/10/2015 15:53:53 | | Den Networks Ltd has informed BSE that the Company has received approval of the Reserve Bank of India ("RBI"), for increase in foreign investment limit in the company beyond 49% and up-to 74% by Foreign Institutional Investors (FIIs), Non Resident Indians (NRIs), Foreign Portfolio Investors (FPIs) and other eligible foreign investors. The approval is subject to compliance Regulation 5(2) of FEMA Notification No.20/2000 RBI dated May 03, 2000 (as amended from time to time) issued under FEMA, 1999 and conditions specified in FDI Policy circular dated May 12, 2015. |
|
|