Shares of HSIL will remain in focus as the RBI on Wednesday notified that foreign institutional investors and registered foreign portfolio investors can invest up to 40 per cent of the paid-up capital of the company. As of March end, FIIs controlled 11.41 per cent stake in HSIL. Purchases could be made through the primary market as well as stock exchanges and would be subject to FEMA regulations, said RBI. Earlier, shareholders of HSIL approved the proposal to enhance the FII limit.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.