....The Reserve Bank today said FII investment in MindTree has reached the trigger limit under portfolio investment scheme and purchase of further equity shares of company will require its approval. "...The aggregate net purchases of equity shares in Mindtree Ltd by Foreign Institutional Investors (FIIs) in the primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit," the RBI said in a notification today. Therefore, "further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI," it said.........
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