Epic Research Update : UPL

Reserve Bank of India (RBI) has allowed UPL to raise its foreign investment limit up to 74% of paid-up capital. The company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs).



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Posted in: Indian Market Tips