Adani Ports up 3% as RBI hikes foreign investment limit

Shares of Adani Ports and Special Economic Zone today rose 3 per cent after the Reserve Bank allowed the company to hike foreign shareholding limit.
The scrip went up 3 per cent to settle at Rs 264.45 on BSE. During the day, it gained 9 per cent to Rs 280.
On NSE, shares of the company rose 3 per cent to end at Rs 264.50.
The company added Rs 1,595.32 crore in its market valuation to reach Rs 54,766.32 crore.
In terms of volume, 4.33 lakh shares of the company were traded on BSE and over 37 lakh shares changed hands on NSE during the day.

Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now under the Portfolio Investment Scheme invest up to 49 per cent, as against the earlier 40 per cent, of paid up capital in Adani Ports and Special Economic Zone, the RBI had said in a notification on Friday.