Reserve Bank on Monday said the aggregate ceiling for foreign investors to invest in Ujjivan Financial Services will remain at 49 per cent.
In view of listing of shares of the company, Ujjivan Financial Services limited on stock exchange, the aggregate investment ceiling for Foreign Institutional Investor /Registered Foreign Portfolios Investors investment under Portfolio Investment Scheme shall remain at 49 per cent, RBI said in a notification.
It further said the aggregate limit for NRI investment shall not exceed 10 per cent. “The total foreign investment from all sources...In the company shall not exceed 49 per cent,” it said. The microfinance company recently witnessed robust demand for its recently-concluded IPO.