Supreme Ind: FIIs can now invest more

Shares of Supreme Industries may attract buying interest on Monday, as the Reserve Bank of India has allowed foreign institutional investors and registered foreign portfolio investors to invest up to 30 per cent (revised from the default 24 per cent) in it. As FIIs’ holdings in Supreme Industries fell below the revised threshold limit, the RBI removed the restrictions placed on them. FIIs currently hold 22.27 per cent stake in the company.