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Satyam hikes foreign fund cap to 60%

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CIOL Bureau
New Update

BOMBAY: The board of Satyam Computer Services has approved an increase in the limit on investment by foreign institutional investors to 60 percent from 49 percent, according to a posting on the Bombay Stock Exchange (BSE) Web site.

The company has applied to the Reserve Bank of India for approval, it added.

© Reuters

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