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Thursday, December 31, 2009

RBI restricts FII limit in UB Holdings to 25.65%

United Breweries (Holdings) Limited has said that Reserve Bank of India (RBI) has approved its proposal for revision of the FII limit in the company from 26 per cent to 23.25 per cent. RBI has also advised the company to fix the intermediary limit and monitor it. Presently, the FII holding in UB (Holdings) is 24.65 per cent. It is proposed that the FII holding be restricted to 24.65 per cent and it should not drop below 23.25 per cent, the company informed the National Stock Exchange today.

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