Date:25/05/2007 URL: http://www.thehindu.com/2007/05/25/stories/2007052505571600.htm
Back



Business - Briefly

Foreign cos. can open escrow accounts

MUMBAI: The Reserve Bank of India on Thursday allowed foreign companies to open escrow or special accounts in authorised banks for buying shares in Indian firms, a move that gives them more flexibility in acquiring domestic companies.

© Copyright 2000 - 2009 The Hindu