Thursday, December 17, 2015

RBI allows more FII buy in PowerGrid Corp

The Reserve Bank of India has now allowed foreign institutional investors (FII) and registered foreign portfolio (RFP) investors to buy more shares of PowerGrid Corporation of India. 

The Reserve Bank on Thursday said the holding of FIIs/FPIs has fallen below the prescribed threshold limit in PowerGrid Corporation. Currently (September 2015), foreign institutional investors hold 26.08 per cent stake in PowerGrid, the PSU electric utilities major.

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