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Cabinet increases limit for foreign investment in Stock Exchanges from 5% to 15%

Cabinet increases limit for foreign investment in Stock Exchanges from 5% to 15%

New Delhi, July 27 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for raising foreign shareholding limit from 5% to 15% in Indian Stock Exchanges for a stock exchange, a depository, a banking company, an insurance company, a commodity derivative exchange.