The Reserve Bank of India (RBI) has notified that Non Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can now invest up to 24% of the paid up capital of Zicom Electronic Security Systems under the Portfolio Investment Scheme (PIS).
The company has passed the resolutions at its board of directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by NRIs/PIOs.
Zicom Electronic Security Systems is engaged in the business of developing security systems. The company offers a wide array of products and solutions such as CCTV surveillance system, access control system, fire alarm system, multi-apartment video door phones, alarm system, fingerprint locks, video door phones and telecom tower security as well as advanced security training and management.
Zicom Electronic Security Systems is currently trading at Rs. 171.70, up by 9.80 points or 6.05% from its previous closing of Rs. 161.90 on the BSE.
The company has passed the resolutions at its board of directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by NRIs/PIOs.
Zicom Electronic Security Systems is engaged in the business of developing security systems. The company offers a wide array of products and solutions such as CCTV surveillance system, access control system, fire alarm system, multi-apartment video door phones, alarm system, fingerprint locks, video door phones and telecom tower security as well as advanced security training and management.
Zicom Electronic Security Systems is currently trading at Rs. 171.70, up by 9.80 points or 6.05% from its previous closing of Rs. 161.90 on the BSE.
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