Shares of the Bharat Petroleum Corporation rose more than 2 per cent on Thursday after the Reserve bank of India allowed Foreign Institutional Investors (FIIs) to invest up to 49 per cent under the Portfolio Investment Scheme (PIS).
"Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of Bharat Petroleum Corporation Ltd. under the Portfolio Investment Scheme," RBI said in a release.
The Reserve Bank has stated that the company has passed resolutions at its Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares by FIIs/RFPIs.
The purchases could be made through primary market and stock exchanges.
Shares of the company were seen trading at Rs 1003, higher by 2.37 per cent on BSE at 1.20 pm IST. It touched an intra-day high of Rs 1005 during the trade.
Goodreturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
/img/2016/06/salaryincrease2-09-1465458714.jpg "BPCL Shares Gain After RBI Raises FII Limit")
Sign in with Google