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CARE Surges; RBI Allows FII Limit Increase
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Shares in Credit Analysis and Research Ltd rose as much as 5.6 per cent after the Reserve Bank of India allowed foreign institutional investors to buy up to 74 per cent of the ratings provider.
RBI's action comes after the CARE board in February passed a special resolution to enhance the overseas investment limit.
(Reuters)
RBI's action comes after the CARE board in February passed a special resolution to enhance the overseas investment limit.
(Reuters)