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Monday, Oct 03, 2005

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FIIs can now purchase Grasim

Our Bureau

Mumbai , Oct. 2

FOREIGN institutional investors can now purchase shares in Grasim Industries Ltd up to 22 per cent of its paid-up capital, said a release from Reserve Bank of India.

As the foreign share holdings by FIIs in Grasim had gone below the allowed limit, FIIs can now purchase shares in secondary markets under the portfolio investment scheme subject to the existing ceilings and guidelines.

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