Bharti Airtel gains; RBI allows increase in FII limit

Tags: Companies
Shares in Bharti Airtel Ltd gain after the Reserve Bank of India (RBI) 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 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.

EDITORIAL OF THE DAY

  • Modi’s move to open up media, retail and banking to foreign investors is logical

    Reform, perform and transform’ was the motto with which prime minister Narendra Modi approached governance.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: Interesting times

Russia’s ultra nationalist supreme leader, the all powerful Vladimir Putin ...

Ananda Majumdar

More power to migrants

The entry of the Janata Dal (United) or JD(U) into ...

Rajgopal Nidamboor

That divine mosaic of art and science

Our old, inborn fancy to present complex explanations as a ...