FPIs turn out net sellers this week with net withdrawal of Rs 976 crore
FPIs began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions between December 16-20.
The Reserve Bank of India (RBI) on 21 June removed restrictions on foreign investments in IDFC.
"The foreign shareholding by Foreign Institutional Investors (FIIs), Foreign Portfolios Investors (FPIs) in M/s IDFC Limited have gone below the prescribed FII/FPI investment limit," the RBI said in a notification.
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"Hence, the restrictions placed on the purchase of shares by FII/FPI of the above company, are withdrawn with immediate effect."
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