RBI removes restrictions on foreign investment in IDFC

The Reserve Bank of India (RBI) on Wednesday removed restrictions on foreign investments in IDFC.

"The foreign shareholding by Foreign Institutional Investors (FIIs), Foreign Portfolios Investors (FPIs) in M/s IDFC Limited have gone below the prescribed FII/FPI investment limit," the RBI said in a notification.

"Hence, the restrictions placed on the purchase of shares by FII/FPI of the above company, are withdrawn with immediate effect."

--IANS

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