Great Eastern Shipping Company and Kajaria Ceramics fell 0.38% and 1.15% respectively at 11:01 IST on BSE after the central bank restricted foreign investors from purchasing shares in these two companies.
Kajaria Ceramics (down 1.15%) and Great Eastern Shipping Company (down 0.38%), edged lower.
The BSE Sensex was down 25.78 points, or 0.13% at 19,957.83.
The Reserve Bank of India (RBI) restricted foreign institutional investors (FIIs) to purchase shares in Great Eastern Shipping Company (GE Shipping) and Kajaria Ceramics as FII shareholding in these two companies has reached the trigger limit of 24%. Therefore, no further purchases of shares of these companies will be allowed through stock exchanges in India on behalf of FIIs, RBI said.
Total foreign holding in GE Shipping was 25.12% as at 30 June 2013, of which 24.12% was held by FIIs.
Total foreign holding in Kajaria Ceramics was 19.73% as at 30 June 2013, of which 18.41% was held by FIIs.
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