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Aditya Birla Nuvo foreign shareholding limit rises

( October 25, 2016, 03:30 GMT | Insight) -- The Reserve Bank of India has raised the cap on foreign shareholding in Aditya Birla Nuvo from 24 percent to 30 percent, the Economic Times of India reports. The Reserve Bank of India has raised the cap on foreign shareholding in Aditya Birla Nuvo from 24 percent to 30 percent, the Economic Times of India reports.  The cap will apply to foreign institutional investors and foreign portfolio investors under the Portfolio Investment Scheme. The central bank monitors ceilings on foreign shareholder investments in Indian companies on a continuous basis. ...

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