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FIIs need RBI nod to buy ICICI Bank shares

Our Bureau

Mumbai , July 12

THE Reserve Bank of India has notified that no further purchases of equity shares of ICICI Bank Ltd should be made on behalf of foreign institutional investors through stock exchanges in India without the prior permission of the apex bank.

ICICI Bank Ltd has reached the trigger limit of 47 per cent of its paid-up capital, said a release from the central bank.

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