RBI Allows 100% Foreign Investment In Crompton Greaves Consumer

Mumbai: The Reserve Bank of India has allowed foreign investors to buy up to 100 per cent in Crompton Greaves Consumer Electricals Ltd. "Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS)," the RBI said in a notification. The company had passed reso...