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Bank of Baroda will see market attention on Friday following the Reserve Bank of India permitting foreign funds to once again buy the bank’s shares. In a notification, RBI said since the shareholding of FIIs, registered FPIs, NRIs and PIOs under the portfolio investment scheme has fallen below the prescribed threshold caution limit, the restrictions placed on purchase of BoB shares are withdrawn with immediate effect. FIIs currently hold 13.55 per cent in the PSU bank.
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