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India raises investment cap for foreign investors in Adani Ports and Multi Commodity Exchange

( October 3, 2016, 05:58 GMT | Insight) -- The Reserve Bank of India has increased the foreign investor cap on stakes in Adani ports and the Special Economic Zone Ltd to 49 percent, and up to 34 percent in the Multi Commodity Exchange, the Economic Times of India reports. The Reserve Bank of India has increased the foreign investor cap on stakes in Adani ports and the Special Economic Zone Ltd. to 49 percent, and up to 34 percent in the Multi Commodity Exchange, the Economic Times of India reports. The previous caps were 40 percent and 24 percent, respectively. The change applies to foreign institutional investors and Registered Foreign Portfolios Investors under the Portfolio Investment Scheme.   ...

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