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RBI Allows Foreign Investors To Raise Stake In Adani Ports

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RBI Allows Foreign Investors To Raise Stake In Adani Ports

Adani Ports stock closed 0.08% lower at Rs256.75 apiece on Friday.

Mumbai: The Reserve Bank of India has allowed foreign investors to hike their stakes in Adani Ports and Special Economic Zone Ltd and Multi Commodity Exchange to 49 per cent and 34 per cent, respectively.

Foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can under the portfolio investment scheme invest up to 49 per cent of paid-up capital in Adani Ports and Special Economic Zone and 34 per cent in Multi Commodity Exchange, the RBI said in a notification.

The earlier limits were 40 per cent and 24 per cent, respectively.

On Friday, shares in Adani Ports closed 0.08 per cent lower at Rs 256.75 apiece, whereas Multi Commodity Exchange stock 3.21 per cent higher at Rs 1,348.95 on the BSE, whose benchmark Sensex index finished up 0.14 per cent.

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