April 1, 2014 / 1:37 PM / 3 years ago

India cbank halts further FII share purchase in Axis Bank as limit breached

NEW DELHI, April 1 (Reuters) - India's central bank said on Tuesday foreign institutional investors will not be allowed to buy additional shares in Axis Bank Ltd as the total holding by the investors had breached the overall limit of 49 percent of the lender's paid-up capital. (Reporting by Devidutta Tripathy, editing by Suvashree Dey Choudhury)

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