Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
22 December, 2014 21:43 IST
RBI lifts restriction on foreign investment in Pantaloon
Source: RBI | 22 Jan, 2013, 12.55PM
Comments  |  Post Comment

The Reserve Bank of India (RBI) removed restrictions on investment by Foreign Institutional Investors/Non Resident Indians/Persons of Indian Origin under Portfolio Investment Scheme in Pantaloon Retail (India).

The RBI decided to lift restrictions after the aggregate share holdings by foreign participants has gone below the prescribed threshold limit stipulated under extant Foreign Direct Investment Policy.

Further, the RBI said such investors are free to invest within the enhanced ceiling.

Shares of the company gained Rs 30.3, or 12.49%, to trade at Rs 272.90. The total volume of shares traded was 3,984,175 at the BSE (12.39 p.m., Tuesday).



Future Retail Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
SKS Microfinance issues commercial papers for Rs 250 mn - 22-Dec-2014 18:52
Investment opportunities by HBJ Capital - 22-Dec-2014 18:38
Sasken Communication allots shares under ESOP - 22-Dec-2014 18:25
Jet Airways closes 5 year syndicated loan of USD 150 mn in Middle East - 22-Dec-2014 18:13
Alstom to sell energy business to General Electric - 22-Dec-2014 17:32
Angel Broking prefers Hero Motocorp over Bajaj Auto - 22-Dec-2014 17:20
'Accumulate` Persistent Systems; target Rs 171: Prabhudas Lilladher - 22-Dec-2014 16:44
99acres.com partners with Purvankara Projects - 22-Dec-2014 16:29
Prabhudas Lilladher maintains `Buy` on Ashoka Buildcon - 22-Dec-2014 16:20
CMI bags order worth Rs 121.3 mn - 22-Dec-2014 16:08
HDFC to sell 18.9 mn shares of HDFC Standard Life Insurance to Premji Trust - 22-Dec-2014 15:22
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer