Voltas hikes ceiling of FII investment limit to 30 pc

New Delhi, Feb 23 (UNI) Voltas Ltd today said its Board has approved the increase in the ceiling of FII investments in the company under the portfolio investment scheme from 24 per cent to 30 per cent of its paid up capital.

In addition, Reserve Bank of India has advised the company that the aggregate shareholding of FIIs had reached 28.08 per cent of its paid-up capital as against a limit of 30 per cent, a statemenet said.

UNI