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RBI nod to FIIs for purchase of Jargan

By Staff
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Mumbai, Apr 19 (UNI) Reserve Bank of India (RBI) today notified that the foreign institutional investors (FIIs) are now allowed to purchase shares of Jagran Prakashan and Power Trading Corporation of India under the portfolio investment schemes since the aggregate foreign share holdings in these companies went below the stipulated limit of 22 per cent of their paid-up capital, a RBI release here said.

These investments are subject to the existing ceiling and RBI guidelines.

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