RBI said the aggregate foreign shareholding by FPIs under Portfolio Investment Scheme in Bharat Financial Inclusion Limited has gone below the prescribed threshold caution limit. Photo: MintMumbai: The Reserve Bank of India has allowed foreign investors to raise their stake in micro finance lender Bharat Financial Inclusion as the applicable limit has gone below the threshold limit. The aggregate foreign shareholding by foreign portfolios investors (FPIs) under Portfolio Investment Scheme in Bharat Financial Inclusion Limited has gone below the prescribed threshold caution limit, Reserve Bank of India (RBI) said in a notification. Foreign portfolio investors held 68.83% in the company as on 30 September ,2017, the BSE data showed. Bharat Financial Inclusion stock traded 0.20% down at Rs992.75 on BSE.

Source: Mint December 06, 2017 09:11 UTC