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RBI allows FIIs to buy up to 49 per cent stake in Idea CellularForeign institutional investors (FIIs) can now purchase up to 49 per cent stake in telecom operator Idea Cellular Ltd.
- Industries can now purchase power from open market
Power secretary P Uma Shankar said the decision was taken because similar directives in the past were taken lightly by regulators.
- FIIs can pick upto 49% stake in 2 Cos
RBI notified that FIIs can purchase equity shares and debentures of upto 49% of the paid up capital.