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HindustanTimes Sun,21 Dec 2014

Tech Mahindra gains; RBI allows hike in FII limit

Reuters   March 14, 2014
First Published: 12:24 IST(14/3/2014) | Last Updated: 12:28 IST(14/3/2014)

Shares of Tech Mahindra rise as much as 1.65% after the central bank on Thursday allowed the company to increase the foreign investment limit to up to 48 % of its paid-up capital from 45%.

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The Reserve Bank of India regularly prevents FIIs from buying shares in companies if they approach the limit stipulated by regulations and will then re-adjust once foreign ownership falls below the prescribed level.

Tech Mahindra shares up 0.6 % at 10:52 a.m.


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