Shares of Capital First rose to touch an over 9-1/2-yr high on Wednesday after the RBI raised the foreign investment limit in the company.

Capital First shares rose as much as 3.75 per cent to Rs 839, their highest since February 2008.

The limit on foreign investment in the company has been raised to 50 per cent from 24 per cent, the Reserve Bank of India said on Tuesday.

Up to Tuesday's close, the stock had risen about 41 per cent this year.