The board of directors has agreed to increase the present limit of FII/FPIs shareholding in the company to 49 per cent of the total paid up equity share capital, Granules India said in a BSE filing.
However, it said, the decision would be subject to shareholders' approval.
As on March 31, 2017, the FPI holding in the company stood at 9.98 per cent. Other foreign nationals owned 0.06 per cent.
Shares of Granules India were trading 2.07 per cent up at Rs 142.85 apiece on BSE.