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Shares of Kaveri Seed may see renewed pressure, with no more room for further foreign institutional investor buying. The RBI on Monday said the stake of FIIs and registered foreign portfolio investors in Kaveri Seed had reached the 22 per cent ceiling. To acquire further stake in Kaveri Seed, they need RBI approval. Currently, Smallcap World Fund, Oppenheimer Int'l Small Company Fund and Ashoka PTE Ltd hold stakes in the company.
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