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RBI allows FIIs to hike upto 49% stake in JSW Holdings

18 Dec 2017 Evaluate

Reserve Bank of India (RBI) has increased the foreign investment limit for investment by Foreign Portfolios Investors (FPIs) in JSW Holdings from 24 per cent to 49 per cent of its paid up capital.

Further, owing to the above increase in the above investment limit, the aggregate shareholding by FPIs in JSW Holdings has gone below the prescribed FPIs investment limit for the company.

Peers
Company Name CMP
Bajaj Finserv 1702.75
TVS Holdings 11222.85
Cholamandalam Fin. 1360.95
Altius Telecom Infra 171.48
Kama Holdings 2263.80
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