Indusind Bank falls as FII investment limit hits trigger - The New Indian Express

Indusind Bank falls as FII investment limit hits trigger

Published: 11th April 2014 11:19 AM

Last Updated: 11th April 2014 11:19 AM

Indusind Bank shares fell on Friday after the RBIsaid theforeign investors would now have to get itsprior permission for buying shares in the bank.

TheRBI said foreign shareholding through foreign institutional investors, NRIs, persons of Indian origin or via foreign direct investment in IndusInd Bank has reached the trigger limit.

Shares ofthe bank are trading at Rs 503.50, down Rs 8.4, or 1.64% at the Bombay Stock Exchange (BSE) on Friday at 9:47 a.m.The scrip has touched an intra-day high of Rs 505.00 and low of Rs 499.00. The total volume of shares traded at the BSE is 16,644. In the earlier session, the shares lost 0.89%, or Rs 4.6, at Rs 511.90.Currently, the stock is trading down 5.11% from its 52-week high of Rs 530.60 and above 58.33% over the 52-week low of Rs 318.

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