 "Natco Pharma gains on FIPB nod for QIP, hike in FII limit")
The FIPB has approved hike in foreign investment limit to 31.5% from 24% of the paid-up equity share capital, Natco Pharma said in a release.
FIPB has also approved issue and allotment of eligible securities to qualified institutional buyers up to Rs 450 crore, the release added.
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The stock opened at Rs 2,310 and touched a high of Rs 2,352. At 10:10AM over 21,000 shares were traded on both the stock exchanges.
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