RBI Allows Foreign Investors To Raise Stake In Adani Ports
The Reserve financial institution of India has allowed international buyers to hike their stakes in Adani Ports and particular financial Zone Ltd and Multi Commodity alternate to 49 per cent and 34 per cent, respectively.
International institutional traders (FIIs)/registered international portfolios buyers (RFPIs) can under the portfolio investment scheme invest as much as 49 per cent of paid-up capital in Adani Ports and unique monetary Zone and 34 per cent in Multi Commodity exchange, the RBI mentioned in a notification.
The previous limits have been forty per cent and 24 per cent, respectively.
On Friday, shares in Adani Ports closed 0.08 percent shrink at Rs 256.Seventy-five apiece, whereas Multi Commodity exchanges inventory three.21 per cent larger at Rs 1,348.Ninety-five on the BSE, whose benchmark Sensex index finished up 0.14 per cent.
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