Global Tele

Global Tele

MUMBAI: The Reserve Bank of India (RBI) said on Wednesday fresh purchases of shares by foreign institutional investors (FIIs) in Global Tele-systems would require prior approval of the RBI. "...The aggregate net purchases of equity shares of GlobalTele-systems by FIIs in the primary, secondary markets has reached the limit of 22 percent of its paid-up capital," RBI said in a statement.