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Shares of Hathway Cable and Datacom Ltd fell after the Reserve Bank of India restricted further purchase by foreign institutions in the stock.
Foreign shareholding has reached the prescribed threshold limit, the RBI said. The RBI regularly prevents FIIs from buying shares in companies if they approach the limit stipulated by regulations and will then re-adjust once foreign ownership falls below the prescribed level.
At 10.35 am, Hathway shares were trading down 0.97 per cent at Rs 61.45 on the BSE.
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