The Hindu Business Line : FIIs allowed to buy Godrej Consumer shares under PIS

THE Reserve Bank of India has said that foreign institutional investors can now purchase equity shares and convertible debentures of Godrej Consumer Products Ltd under the portfolio investment scheme through primary markets and stock exchanges in India up to 35 per cent limits of its paid-up capital, as the company has passed resolutions to this effect at its board of directors' and general body meetings.

The stock of Godrej Consumer closed at Rs 201, up 0.35 per cent over previous day's close, with 2011 shares being traded at the BSE. On the NSE, it closed at Rs 202, a gain of 0.82 per cent over Thursday's close. About 3,785 shares wereg traded on this counter on the NSE.

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