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"Hence, the restrictions placed on the purchase of shares by FII/FPI of the above company, are withdrawn with immediate effect."