Bharti Airtel gains; RBI allows increase in FII limit
Jul 04 2014 , Mumbai
Foreign institutional investors can now invest up to 74 percent in Bharti Airtel under the portfolio investment scheme, the RBI 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 1.1 percent at 10:22 a.m.