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Foreign portfolio investors can now invest up to 49 per cent of the paid-up capital of Glenmark Pharmaceuticals under the portfolio investment scheme, the RBI said on Monday. FIIs now hold 34.71 per cent stake in the pharma major. FIIs, in January-March, raised their stake to 34.71 per cent from 34.62 per cent in the preceding quarter. In December, it had received shareholder nod for hiking FII holding.
Published on May 19, 2015
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