UPL shares witnessed a rise in share price on Tuesday after the Reserve Bank of India (RBI) has notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in UPL have gone below the revised threshold limit. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect.

The RBI further advised that FIIs/RFPIs can now invest upto 74% of the paid up capital of UPL under the Portfolio Investment Scheme.

Shares of the company are trading at Rs 348, up Rs 13, or 3.88% at the Bombay Stock Exchange (BSE) on Tuesday at 10:27 a.m.

The scrip has touched an intra-day high of Rs 352.95 and low of Rs 345.45. The total volume of shares traded at the BSE is 109,795.