RBI said the company has passed resolutions at its Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.
"The purchases could be made through primary market and stock exchanges...," the RBI added.
It further stated that the foreign shareholding by Flls/RFPIs in the company have gone below the revised threshold limit.
On BSE, company's share traded last at Rs 16.70 apiece, down 4.84 per cent over previous closing.