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RBI allows foreign investors to up stake in Grasim Industries

RBI allows foreign investors to up stake in Grasim Industries

Thursday, April 13, 2017, 8:22 PM

The Reserve Bank has allowed foreign investors to hike their stake in Grasim Industries to up to 49% from the existing limit of 30%. Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) can now invest from 30% to 49% of the paid up capital of Grasim Industries Limited under the portfolio investment scheme (PIS), RBI said.
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