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Shareholders of Strides Arcolab Ltd at their Extraordinary General Meeting have approved increase in the Fll Investment limit in the company.
In a release to exchanges, company said FII’s can now invest up to 74 per cent of the paid-up equity share capital of the company under the Portfolio Investment Scheme. The current Fll holding in the company is around 52 per cent.
As required under the FEMA Regulation (Foreign Exchange Management Act), the company has made necessary intimation to the Reserve Bank of India confirming shareholders’ approval for the increased Fll investment limit.
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