The Reserve Bank of India has allowed foreign portfolio investors to hold up to 100 per cent stake in Sita Shree Food Products, against 24 per cent till now. The company had passed a resolution in this regard at the board level, as well as at its general body meeting. Currently, FPIs do not hold any stake in the company, according to the shareholding pattern available with the exchanges. However, the stock may react positively.

(This article was published on March 1, 2017)
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