Titan shares fall as RBI limits foreign investment

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RBI has put a cap on further foreign institutional investments in Titan. RBI has put a cap on further foreign institutional investments in Titan.
SummaryRBI has put a cap on further foreign institutional investments in the company.

Shares of Titan Industries Ltd fall 2.7 per cent after the Reserve Bank of India on Wednesday put a cap on further foreign institutional investments in the company.

The RBI regularly prevents foreign institutional investors from buying shares in companies if they are approaching the limit stipulated by regulations and will then re-adjust once foreign ownership falls below the prescribed level.

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