V-Mart Retail falls as RBI restricts further purchases by FII - The New Indian Express

V-Mart Retail falls as RBI restricts further purchases by FII

Published: 26th February 2014 12:19 PM

Last Updated: 26th February 2014 12:19 PM

V-Mart Retail, a medium-sized hypermarket retail company, fell on Wednesday after Reserve Bank of India (RBI) said that the foreign share holding through Foreign Institutional Investors (FIIs) in the company has crossed the overall limit of 24% of its paid-up capital.

Therefore, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of Foreign Institutional Investors, the central bank said.Shares of the company are trading at Rs 260 down Rs 4.15, or 1.57% at the Bombay Stock Exchange (BSE) on Wednesday at 11:41 a.m.The scrip has touched an intra-day high of Rs 263 and low of Rs 255.60. The total volume of shares traded at the BSE is 2,940.In the earlier session, the shares lost 2.46%, or Rs 6.65, at Rs 264.15. Currently, the stock is trading down 13.33% from its 52-week high of Rs 300 and above 150% over the 52-week low of Rs 104.

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