The RBI said foreign shareholding in the company through foreign institutional investors (FIIs)/foreign portfolio investors (FPIs) has reached trigger limit in Bharat Financial Inclusion.
"Hence further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India," the central bank said in a release.
FIIs, NRIs and PIOs (Persons of Indian Origins) can invest in primary and secondary capital markets in India through portfolio investors scheme (PIS).
Shares of Bharat Financial closed 1.92 per cent higher at Rs 922.45 on the BSE today.
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