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On Wednesday, the Reserve Bank of India has allowed foreign investors to buy further shares in the private lender Axis Bank as the stipulated limit has gone below the threshold.
According to RBI’s notification, the foreign shareholding by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in Axis Bank Ltd has gone below the threshold limit.
“Hence the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect,” RBI said.
