RBI hikes FPIs investment in Ramkrishna Forgings to 49%
DSIJ Intelligence / 09 Aug 2017
The Reserve Bank of India (RBI), post market hours on Tuesday, notified that the foreign institutional investors (FIIs) and foreign portfolios investors (FPIs) investment limit under the portfolio investment scheme in Ramkrishna Forgings has increased from 24% to 49% of its paid-up capital.
The Reserve Bank of India (RBI), post market hours on Tuesday, notified that the foreign institutional investors (FIIs) and foreign portfolios investors (FPIs) investment limit under the portfolio investment scheme in Ramkrishna Forgings has increased from 24% to 49% of its paid-up capital.
Ramkrishna Forgings’ shares soared over 4% during the early morning trade on Wednesday. It was trading at Rs 570.60 per share, up by Rs 20.40 or 3.71% as at 1012 hours on the BSE. The stock hit its intraday high and low of Rs 574.40 and Rs 554.75 respectively. It attracted a traded volume of 16,303 shares and traded value of Rs 92.07 lakh on the NSE.
Ramkrishna Forgings is engaged in the manufacturing of forgings and also has a tours and travel segment. The company supplies its products to various sectors in both domestic and overseas markets.
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