J Kumar Infraprojects has received approval from the Reserve Bank of India to increase its foreign institutional investors’ (FIIs) /registered foreign portfolio investors’ (FPIs) limits to 40%, up from the existing 24 per cent. These investors can invest under the portfolio investment scheme.
Earlier, the board and shareholders of J Kumar Infraprojects had approved the proposal to increase FII limit in the company.
J. Kumar Infraprojects is engaged in the business of civil engineering construction contractors in Infrastructural projects mainly in roads, flyovers, bridges, commercial and residential buildings, sports complexes, irrigation projects, airport contracts.
