Wednesday, 30 September 2015

Eveready stock jumps 7% on RBI move allowing 49% stake for foreign investors

Shares of Eveready IndustriesBSE 3.30 % rose by 7 per cent today after the Reserve Bank allowed foreign investors to hold up to 49 per cent stake in the company.

The stock gained 6.99 per cent to Rs 300 at BSE. On NSE, it went up by 6.39 per cent to Rs 298.

"Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (FPIs) can now invest up to 49 per cent of the paid up capital of Eveready Industries India Ltd under the Portfolio Investment Scheme.

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