Dynamatic Tech surges over 14%

Reuters | Updated on January 24, 2018 Published on March 18, 2015

Shares of Dynamatic Technologies today surged more than 14 per cent to a record high of Rs 3,450.

The stock jumped after the Reserve Bank of India removed the restrictions on overseas investors to buy shares in the company.

According to RBI, overseas investors can invest up to 25 per cent in the company.

RBI regularly prevents FIIs from buying shares in companies if they approach the limit stipulated by regulations and then re-adjusts once foreign ownership falls below the prescribed level.

Published on March 18, 2015
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