Voltas hikes ceiling of FII investment limit to 30 pc

Saturday, March 17, 2007, 17:10 [IST]

New Delhi, Feb 23 (UNI) Voltas Ltd today said its Board has approved the increase in the ceiling of FII investments in the company under the portfolio investment scheme from 24 per cent to 30 per cent of its paid up capital.

In addition, Reserve Bank of India has advised the company that the aggregate shareholding of FIIs had reached 28.08 per cent of its paid-up capital as against a limit of 30 per cent, a statemenet said.

UNI

Topics: FINANCE-VOLTAS-FII

Other articles published on March 17, 2007

Union Budget a balanced one : Indian Chamber

Saturday, March 17, 2007,17:10 [IST]

Kochi, Feb 28 (UNI) The Indian Chamber of Commerce&Industry today termed the Union Budget 2007-08 as a balanced one with thrust to agriculture with emphasis on rural development and relief to vital segments of the economy besides generating employment opportunities. In a statement, Chamber President K Retnan said the Budget, which was presented by Finance Minister P Chidambaram, has also taken care of needs of sectors like health, education and infrastructure. The Chamber hoped that out of Rs.10,667 crore provided.....

13 students drown in boat tragedy

Saturday, March 17, 2007,17:10 [IST]

Kochi, Feb 20 (UNI) Thirteen students of an excurssion party drowned as their boat capsized at Ovungal Kadavu in the Periyar river today. According to police sources there were 45 students in the boat when it capsized. Ten students were rescued by the Navel swimmers and rescue operations were in full swing for the other missing students, the sources said. There were 106 students and 10 teachers from St Antony's School, Elvoor, Angamali, left in three boats to the Thattekkadu bird.....

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India, US favour expanded trade in advanced technologies

Saturday, March 17, 2007,17:10 [IST]

Washington, Feb 23 (UNI) Indian and US officials have expressed their desire to capitalise on thriving strategic partnerships to boost bilateral trade in advanced technology products. Addressing the US-India High Technology Cooperation Group here yesterday, Indian Foreign Secretary Shiv Shankar Menon said both the countries should take advantage of significant steps taken by their leaders in 2006 to strengthen trade ties and elevate cooperation on high technology to a new level. During US President George Bush's 2006 trip to India, the.....

Life imprisonment to three persons in Jharkhand

Saturday, March 17, 2007,17:11 [IST]

Bokaro, Mar 1 (UNI) A fast track court today awarded life imprisonment to three persons accused of murder in Jharkhand's Bokaro district. Additional and Session Judge (1st) S K Choudhuri also imposed Rs 500 as fine on each of the accused--Bablu Bakira, Munna Bari and Bhola Sarma--who murdered Devendra Ram Mahto of Basti Mor under Harla police station in February, 2004. Police said the victims on February 16, 2004 night did not return home. The worried family members next day informed.....

Six girls of West Bengal recovered in Gopalganj

Saturday, March 17, 2007,17:11 [IST]

Goplaganj, Mar 1 (UNI) Police today rescued six girls of West Bengal, including one abducted from Jalpaiguri, at Rewati village under Baikunthpur police station area in the district. Deputy Superintendent of Police Uma Shankar Prasad said the girls were rescued during a raid conducted following a tip-off. ''The girls were allegedly involved in flesh trade,'' Mr Prasad said, adding one girl was kidnapped from Alipurdwar police station area in West Bengal on January 23. UNI.....