Just Dial to ring in more FIIs
By
Research Desk
about 10 years ago
Just Dial is in the limelight today with the stock opening higher today at Rs.1600, going on to hit an intra day high at Rs.1620.90. The stock has come off the highs of the day but remains 2.5% up at Rs.1605.
The stock is up after RBI yesterday allowed the company to hike FII limit to 75% from the current limit of 49%. As at 30th Sept 2014, FIIs held 26.64% stake.
RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a daily basis