Jubliant Foodworks falls; RBI limits foreign investment
Jan 09 2014 , Mumbai
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.