Just Dial (JDL), a provider of online local search engine services, witnessed a rise in share price on Friday after the Reserve Bank of India increased the investment limit for overseas investors. On Thursday, the RBI said, "Foreign institutional investors (FIIs)/ registered foreign portfolios investors (RFPIs) can now invest up to 75% (revised from earlier limit of 49%) of the paid up capital of the company under the portfolio investment scheme."

Earlier, the company has passed resolutions at its board of directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs.

Shares of the company are trading at Rs 1,599.00, up Rs 32.95, or 2.10% at the Bombay Stock Exchange (BSE) on Friday at 10:45 a.m. The scrip has touched an intra-day high of Rs 1,620.90 and low of Rs 1,594.40. The total volume of shares traded at the BSE is 16,719.