MUMBAI: Reserve Bank has allowed foreign investors to hike their stakes in Adani Ports and Special Economic Zone Ltd and Multi Commodity Exchange to 49 per cent and 34 per cent, respectively.
Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can under the Portfolio Investment Scheme invest up to 49 percent of paid up capital in Adani Ports and Special Economic Zone and 34 per cent in Multi Commodity Exchange, RBI said in a notification.
The earlier limits were 40 per cent and 24 per cent respectively.
Shares of Adani Ports closed 0.08 per cent down at Rs 256.75. Multi Commodity Exchange closed up 3.21 per cent at Rs 1,348.95 on BSE.
Recent Articles on M&A
Source: Economic Times
