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In Tata Chemicals, the foreign shareholding has hit the trigger limit due to which the Reserve Bank has said that further purchase of equity by overseas investors in the company will be requiring prior approval.
In a notification, the bank said that the foreign shareholding by Foreign Institutional Investors or Registered Foreign Portfolios Investors in Tata Chemicals has reached the trigger limit.
It further said that “Hence further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India”.
