What to Watch. RBI restricts FII buying in JKumar, Inox Leisure

The RBI on Tuesday said foreign institutional investors or registered foreign portfolio investors should not buy any stake in JKumar Infra Projects, as their holding has crossed the permissible investment limit in the company. In a separate notification, RBI said as the foreign shareholding under FII/RFPIs in Inox Leisure reached the trigger limit, they would be allowed to buy Inox shares only after obtaining prior approval from the RBI.