FII investment in MCX reaches trigger limit: RBI

Posted By: Religare
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FII investment in MCX reaches trigger limit: RBI
The Reserve Bank of India (RBI) on Thursday said aggregate net purchases of equity shares in Multi Commodity Exchange of India Limited (MCX) by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) have reached the trigger limit and any further purchase would be allowed only after its approval.

"...the aggregate net purchases of equity shares in Multi Commodity Exchange of India Ltd. (MCX) by Foreign Institutional Investors (FIIs) in the primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit," RBI said in a release.

RBI monitors the limits on FII/NRI/PIO investments in Indian companies on a daily basis. They are allowed to buy Indian equities in the primary and secondary capital markets through the portfolio investment scheme (PIS).

Dion Global Solutions Ltd,.

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