What to Watch. NRIs can now add more Parak Milk Foods

The Reserve Bank has allowed non-resident Indians to raise their stakes in Parag Milk Foods to 24 per cent from 10 per cent. Currently, FPIs hold 15.05 per cent stake and 801 NRIs own 1.16 per cent stake in Parag Milk. Among the prominent funds are Canara Robeco (3.20 per cent), IDFC Trustee (6.03 per cent), IDFC Spice (2.17 per cent), Government Pension Fund Global (2.66 per cent), Goldman Sachs (2.92 per cent) and New Horizon Opportunities (2.67 per cent).