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BSE   27 Jun 19 | 10:53 AM

409.80 -5.2 (-1.25%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 532921
Face Value: N.A.

NSE   27 Jun 19 | 10:44 AM

410.25 -4.7 (-1.13%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: ADANIPORTS
Performance
1 Week : Rs 401.25 (2.13%)
1 Month : Rs 412.55 (-0.67%)
1 Year : Rs 364.70 (12.37%)
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Adani Ports gains as RBI raises FII limit to 49%

SI Reporter / Mumbai 03 Oct 16 | 12:30 PM

Adani Ports and Special Economic Zone (SEZ) has moved higher by 4% to Rs 267 on the National Stock Exchange (NSE) in intra-day trade after the Reserve Bank of India (RBI) said that Foreign Institutional Investors (FIIs) can now invest up to 49% in the company from 40% earlier.

“Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can under the Portfolio Investment Scheme (PIS) now invest up to 49% of the paid up capital of M/s Adani Ports and Special Economic Zone Limited. The purchases could be made through primary market and stock exchanges," RBI said in a notification on September 30, 2016.

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The Reserve Bank has stated that the company’s board of directors’ has passed a resolution and its shareholders have passed a special resolution agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs.

As of June 30, 2016, FIIs held 15.42% stake, while FPIs held 14.47% stake in Adani Ports & SEZ, the shareholding pattern data shows.

Till 12:29 am, a combined 2.31 million shares changed hands on the counter on the NSE and BSE.

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