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RBI lifts ban on FIIs buying Yes Bank shares

The RBI lifted the ban on FIIs buying Yes Bank shares

July 03, 2013 9:46 IST | India Infoline News Service
The RBI lifted the ban on foreign institutional investors (FIIs) buying Yes Bank shares following a fall in shareholding in the private lender.

"The aggregate shareholdings in Yes Bank by foreign institutional investors under the portfolio investment scheme have gone below the prescribed threshold limit stipulated under the extant FDI policy (49 percent). Hence, the restrictions placed on the purchase of shares of the above company is withdrawn with immediate effect," RBI said in a press release on Tuesday.

On March 4, RBI banned FIIs from buying into Yes Bank shares as their limit of 49% of its paid-up capital had been breached.

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