Idea Cellular shares gain; RBI allows FII limit hike

Tags: Companies
Shares of Idea Cellular Ltd gain after the Reserve Bank of India allowed an increase in the foreign institutional investment limit for the company.

Foreign institutional investors, through primary market and stock exchanges, can now purchase up to 49 percent of the paid-up capital of Idea Cellular compared with the current 24 percent, the central bank said in a statement on Friday.

Idea Cellular shares up 1.6 percent to 137.40 rupees at 9:47 a.m.

EDITORIAL OF THE DAY

  • America, put an end to this mindless terror against Indian professionals

    Racial slurs, hate crimes and the daylight murder of an Indian technology professional in the US have just moved up the number of serious issues confr

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: Pawn to king four

Sir Conrad Corfield, heavy hitter of the British Political Department ...

Susan Visvanathan

The problem called JNU

Reservation is a word that some administrators and intellectuals find ...

Kuruvilla Pandikattu

We are all wired for empathy

Today the world is all abuzz about the science of ...