Mumbai: Shares of Idea Cellular Ltd gain after the Reserve Bank of India (RBI) allowed an increase in the foreign institutional investment limit for the company.
Foreign institutional investors, through primary market and stock exchanges, can now purchase up to 49 percent of the paid-up capital of Idea Cellular compared with the current 24 percent, the central bank said in a statement on Friday.
Idea Cellular shares up 1.6 percent to Rs 137.40 at 9:47 a.m.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
