Investment Ceiling for NRIs on Repatriation Basis via Stock Exchanges

1. Purchase of CDs of any particular series in any one company not to exceed 1% of the total paid up value of convertible debentures issued in that particular series by that company. Repatriation benefits under any other scheme are also to be taken into account for purpose of this ceiling.

2. This is also subject to overall ceiling of 30% of the total paidup value of convertible debentures issued in that particular series by that company for purchase both on repatriable and non-repatriable basis by all NRIs.

3. Shares to be acquired by an investor on conversion of debenture under the scheme are in addition to shares he may purchase up to 1% of the paid up capital of the company or 30% of overall ceiling under the facility mentioned above.