Shares of GTPL Hathway closed 4.16% up at Rs134 and CCL Products rose by 6.32% to Rs302.65 on BSE on Friday. Foreign institutional investors (FIIs)/Foreign portfolios investors (FPIs) investment limit under portfolio investment scheme in GTPL Hathway has increased from 24% to 49% of its paid up capital, RBI said. Besides, RBI said foreign investment limit for investment by FIIs/FPIs in CCL Products has increased from 24% to 40%. CCL Products has passed resolutions to hike such limit and the aggregate shareholding by foreign investors has gone below the prescribed limit, it said. Shares of GTPL Hathway closed 4.16% up at Rs134 and CCL Products rose by 6.32% to Rs302.65 on BSE on Friday.

Source: Mint September 08, 2017 11:48 UTC