 "Bharat Petroleum gains on RBI nod to hike FII limit to 49%")
The Reserve Bank of India, in a press release on Wednesday, has informed that FIIs and registered FPIs can now invest up to 49% of the paid-up capital of the company under the portfolio investment scheme. The existing investment limit was 24%.
The stock opened at Rs 991 and touched a high of Rs 999. At 9:40am, over 200,000 shares were traded on both the stock exchanges.
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