Shares of Everonn Education maintains its uptrend from yesterday's trade, today stock rise over 14%, touching the monthly high of Rs453, after the Reserve Bank of India ( RBI) allowed the company to increase foreign institutional investment ( FII) limit in the company up to 24%.
“The RBI on Friday notified that M/s Everonn Education has passed resolutions at the board of directors' level and a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures by NRIs/PIOs through primary market and stock exchanges up to 24% of its paid up capital, under the Portfolio Investment Scheme ( PIS),' the central bank said in its press release.
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“The RBI on Friday notified that M/s Everonn Education has passed resolutions at the board of directors' level and a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures by NRIs/PIOs through primary market and stock exchanges up to 24% of its paid up capital, under the Portfolio Investment Scheme ( PIS),' the central bank said in its press release.
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