Future Retail Receives RBI Nod For 49% Hike In RPFI

All this has been communicated to the news by the company in a regulatory filing to the exchanges.

Future Retail led by Kishore Biyani's Future group has received approval from the RBI to increase the limit of its Registered Foreign Portfolio Investors to 49% of its paid up capital.

In a regulatory filing, the company said, "We would like to inform you that Reserve Bank of India has issued a press release dated March 19, 2018 relating to increase in the limits for investment in the equity share capital of the Company by Registered Foreign Portfolio Investors (RPFls) including Foreign Institutional Investors (FIIs) up to 49% of the paid-up capital of the Company.”

Earlier, the limit was 24%.