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).