RBI allows upto 40% FII investment in Info Edge

RBI has allowed foreign institutional investors (FIIs) to pick up stakes in three companies : Tourism Finance Corporation of India, Tulip IT Services and Info Edge India under the portfolio investment scheme (PIS).

The FIIs holding under the PIS can go up to 49 per cent in the Tourism Finance Corporation and 40 per cent each in Tulip IT Services and Info Edge India. [source]

 
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