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
02 August, 2015 21:53 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
Tata Motors sales rise 1% in July - 01-Aug-2015 17:30
Atul Auto sales up 5% in July - 01-Aug-2015 16:32
TVS Motor Company sales rise 2% in July - 01-Aug-2015 16:16
Escorts tractor sales drop 20.5% in July - 01-Aug-2015 15:23
Ashok Leyland sales jump 40% in July - 01-Aug-2015 15:00
Mahindra Tractor sells 14,273 units in July - 01-Aug-2015 14:48
M&M auto sector sales fall 3% in July - 01-Aug-2015 14:22
Maruti Suzuki sales rise 20% in July - 01-Aug-2015 12:26
SPARC receives CRL from USFDA for Latanoprost NDA - 01-Aug-2015 11:15
OMCs cut petrol price by Rs 2.43/litre; diesel by Rs 3.60/litre - 01-Aug-2015 10:26
OMCs cut petrol price by Rs 2.43/litre; diesel by Rs 3.60/litre - 01-Aug-2015 10:26
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