RBI raises FIIs limit in Container Corporation

09 Mar 2015

Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs) to invest up to 34% of the paid-up capital in Container Corporation. RBI further advised that the foreign shareholding by FIIs/RFPIs in the company has gone below the revised threshold limit. Hence, the restrictions placed on the purchase of shares of the company are withdrawn with immediate effect.

Container Corporation of India was established in 1988 and works mainly in three verticals -- cargo terminal, terminal operator and warehouse operator.

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579.85 2.00 (0.35%) May 07, 12:41
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323