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Havells India shares gain after raising FII investment limit

Apr 25 2013, 17:27 IST
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SummaryThe Reserve Bank of India said the hike will be effective April 23.

Havells India Ltd's shares gain 4.2 percent after the central bank said the company has raised the limit for purchase of its equity shares and convertible debentures by foreign institutional investors (FIIs) up to 40 percent of its paid-up capital from 24 percent.

The Reserve Bank of India said the hike will be effective April 23.

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