RBI Restricts Foreign Investors from Buying Further stake in Trent

Reserve Bank has restricted foreign investors to increase stake further in Tata Group departmental firm Trent as the permissible limit has been crossed.The foreign shareholding through Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in Trent Ltd has crossed the limit of 24 per cent of its paid-up capital, RBI said in a notification. 

"Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of FIIs/RFPIs," RBI said. 

 

As per the information on RBI website, the FII investment ceiling has reached 24 per cent as on September 2016, and hence no further purchases by overseas buyers is allowed. 

 

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