Financial Daily from THE HINDU group of publications
Monday, Oct 03, 2005
Financial Daily from THE HINDU group of publications Monday, Oct 03, 2005 |
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Markets
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Foreign Institutional Investors 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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