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RBI asks FIIs to take approval for further investment in UPL
Source: IRIS | 27 Aug, 2014, 07.26PM
Rating: NAN / 5 stars.
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The Reserve Bank of India (RBI) today notified that the foreign shareholding by Foreign Institutional Investors (FIIs) and Registered Foreign Portfolios Investors (RFPIs) in UPL has reached the trigger limit.

Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India.

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