Stocks

Kaveri Seed falls; RBI restricts FIIs from buying shares

Reuters Mumbai | Updated on January 23, 2018 Published on April 28, 2015

Kaveri Seed Co Ltd, a producer and distributor of hybrid seeds, has fallen as much as 4.7 per cent to over a 2-1/2-month low.

The central bank has restricted overseas investors from buying shares in the company as foreign shareholding has reached the trigger limit.

RBI 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.

At 10.38 am the share was down 2.59 per cent at Rs 850.50 on the BSE.

Published on April 28, 2015
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