Profit

Jubilant Foodworks gains, RBI approves higher FII limit

 Share
EMAIL
PRINT
COMMENTS

Shares in Jubilant Foodworks Ltd gained 2.2 per cent after the Reserve Bank of India said on Tuesday foreign institutional investors (FIIs) can purchase up to 55 per cent of stake in the company, up from the earlier limit of 49 per cent.

Jubilant Foodworks had earlier passed resolutions for enhancing the FII purchase limit to 55 per cent.

Also, the Reserve Bank removed restrictions on purchase of the shares saying the FII shareholding in Jubilant have gone below the threshold limit.

Copyright: Thomson Reuters 2014



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top