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Cap on ICICI Bank shares purchase

KOLKATA, FEB. 13. The Reserve Bank of India has imposed a cap on further purchases of ICICI Bank shares by foreign institutional investors, NRIs or other foreign buyers as the total foreign shareholding in the bank had touched the trigger limit of 72 per cent of the paid-up capital.

Touched its highest ever price of Rs. 351 this week, ICICI Bank had a foreign shareholding of 71.4 per cent till December, the RBI said in a notice to stock exchanges.

— Our Staff Correspondent

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