This Article is From Oct 14, 2014

UPL Surges; RBI Removes Foreign Buying Restriction

UPL Surges; RBI Removes Foreign Buying Restriction

Shares in agrichemicals and pesticides firm UPL Ltd surged 3.9 per cent on Tuesday after RBI removed the restriction on purchase of shares by Foreign Institutional Investors in the company.

RBI said foreign portfolio investors' shareholding has dipped below the threshold limit.

Copyright: Thomson Reuters 2014

.