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Shares of UltraTech Cement and Teamlease Services will remain in focus, as the RBI on Tuesday raised the investment limit of foreign portfolio investors in these companies. The FPI limit has been increased to 75 per cent in Teamlease from the current 24 per cent, said the RBI notice, while in UltraTech Cement, the ceiling has been raised to 40 per cent of the paid-up capital. Currently, FPIs hold 24.64 per cent stake in Teamlease and 22.57 per cent in UltraTech.
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