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3 months ago
BUZZ-Natco Pharma climbs on raise in foreign investment limit
May 16, 2017 / 4:40 AM / 3 months ago

BUZZ-Natco Pharma climbs on raise in foreign investment limit

** Shares of Natco Pharma Ltd rise as much as 3.07 pct to 963 rupees, highest since April 20

** Reserve Bank of India (RBI) allows Foreign Institutional Investors/Foreign Portfolio Investors to increase shareholding limit in company to 49 pct from 31.5 pct (bit.ly/2pErzVi)

** Stock among top five pct gainers on the Nifty Midcap 100 index

** Up to Monday's close, stock had risen 9.3 pct this year (arnab.paul@thomsonreuters.com@reuters.net)

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