FPI investment limit in CCL Products raised to 40%

Earlier limit for investments from foreign portfolio investors was 24%

The shares of CCL Products (India) Limited rose by 13 per cent during early trading hours on Friday after the company informed the stock exchanges that the Reserve Bank of India (RBI) has approved increasing the firm's investment limit for foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) to 40 per cent, from its earlier cap of 24 per cent.

The approval was granted under the Portfolio Investment Scheme. CCL had in June 2017 approved a resolution seeking an increase in its FII/FPI limit during the firm's annual general meeting. The pitch was made after investments from foreign portfolio