CHENNAI, FEBRUARY 21: Soffia Software Ltd has received the Reserve Bank of India nod to hike the investment limit by the foreign institutional investors (FIIs) up to 30 per cent of its total paid-up equity capital of Rs 3.6 crore.The equity shares and convertible debentures of the company can now be purchased by FIIs through primary market and stock exchanges. However, the total purchase of all FIIs is not allowed to exceed the overall ceiling of 30 per cent of paid-up capital of the company and 30 per cent of the total paid-up value of each series of the convertible debentures.
Also, the purchase of equity shares by a single FII or a SEBI-approved sub-account of a registered FII is also restricted only up to 10 per cent of the company's equity capital.
Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.