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Saturday, Aug 10, 2002

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FII limit in HFCL hiked to 49 pc

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MUMBAI: The Reserve Bank of India has said that FIIs can now purchase equity shares and convertible debentures of Himachal Futuristic Communications Ltd, up to 49 per cent of its paid-up capital through primary and secondary markets in India under the portfolio investment scheme.

The company's board of directors and general body had passed resolutions to this effect, said a press release.

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