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Friday, 4 July 2014
Free Intraday Equity Trading Tips on Mobile
Shares in India's Bharti Airtel Ltd gain as much as 2.45 percent after the Reserve Bank of India increases limit for overseas investors to buy shares in the company. Foreign institutional investors can now invest up to 74 percent in Bharti Airtel under the portfolio investment scheme, the central bank said in a statement late on Thursday.
The Reserve Bank of India regularly prevents FIIs from buying shares in companies if they approach the limit stipulated by regulations and will then re-adjust once foreign ownership falls below the prescribed level. * Shares in Bharti are up 1.16 percent at 0428 GMT.
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