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McLeod Russel to raise FII limit

KOLKATA: McLeod Russel India is planning to seek the approval of the shareholders and also the Reserve Bank of India for enhancing the limit of holding by foreign institutional investors to 40 per cent of the paid-up capital. This was decided by the board of directors of the company. A BSE notice said that the company would seek the approval of its members by way of special resolution by postal ballot. — Special Correspondent

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