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26th December, 2008
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NRI’s equity in Crisil can go up to 24%
The Reserve Bank of India has disclosed that NRI’s and overseas corporate bodies can now purchase equity shares and convertible debentures of CRISIL up to a limit of 24% of the company’s paid-up equity capital and this has been allowed under the terms of the portfolio investment scheme following a resolution passed by CRISIL shareholders in its general meeting.
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