RBI allows FIIs to buy up to 49% stake in Idea Cellular
Having agreed to increase the FIIs shareholding limit to 49 percent, the downstream investment in the company would continue to remain on Idea Cellular, in compliance with FDI (foreign direct investment) policy and FEMA (Foreign Exchange Management Act) regulations. Foreign institutional investors (FIIs) can now purchase up to 49 percent stake in telecom operator Idea […]