Voltas - FIIs Investments Under Portfolio Investment Scheme

Voltas Ltd has informed that the Shareholders had, vide a Special Resolution passed earlier, approved the increase in the ceiling of FII investments in the Company under the Portfolio Investment Scheme from 24% to 30% of the paid up capital of the Company.Further the Company has also informed that, RBI vide its letter dated February 23, 2007 has advised the Company that the aggregate shareholding of FIIs had reached 28.08% of the paid-up capital of the Company as against a limit of 30%.