RBI allows FIIs to buy up to 49% stake in Adani Ports

RBI allows FIIs to buy up to 49% stake in Adani Ports

03/10/2016 11:05

The Reserve Bank of India has allowed foreign investors to raise their stake in Adani Ports and Special Economic Zone Ltd to 49 per cent. Foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can under the portfolio investment scheme invest up to 49 per cent of paid-up capital in Adani Ports and Special Economic Zone, the RBI said in a notification.

The earlier limit was 40 per cent.

Meanwhile, shares of the company were trading at Rs 264.35 apiece, up 2.96 per cent from the previous close at 11:08 hours on BSE.

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