Mumbai: The Reserve Bank today said foreign institutional investors and registered foreign portfolios investors can now invest up to 49 per cent of the paid-up capital in Lupin Ltd under Portfolio Investment Scheme (PIS).
"The company has passed resolutions at its Board of Directors' level and a special resolution by the share-holders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs," RBI said in a release.
The central bank said the purchases could be made through primary market and stock exchanges and would be subject to Fema regulations.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
