Jubliant Foodworks falls; RBI limits foreign investment

Shares in Jubilant Foodworks Ltd, which operates the Domino's Pizza franchise in India, fall

RELATED ARTICLES

2.4 percent after the Reserve Bank of India (RBI) on Wednesday said aggregate net purchases of equity shares in the company by foreign institutional investors had reached the prescribed limit.

Accordingly, further purchases of equity shares of the company would be allowed only after obtaining prior approval from the RBI, it added.

FIIs held 45.35 percent in Jubilant Foodworks as of September 30, 2013, exchange data shows.

The RBI regularly prevents FIIs from buying shares in companies if they are approaching the limit stipulated by regulations and will then re-adjust once foreign ownership falls below the prescribed level.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Kerala, god’s own country, will always be free spirited

    Candy is dandy, but liquor is quicker,” the celebrated American poet Ogden Nash had once said famously.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>:The over-the-top effect effect

The overconfidence effect is a bias in which someone’s subjective ...

Parvez Imam

The absoluteness in representations

When a representation replaces the original object or subject, a ...

Dharmendra Khandal

Religion and conservation must go hand in hand

In 1986, former president of WWF International, HRH Prince Philip, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture