May 26, 2016 02:58 am | Updated 02:58 am IST - NEW DELHI:
The Cabinet Committee on Economic Affairs approved Yes Bank’s request for an increase in the foreign investment limit to 74 per cent from the existing limit of 41.87 per cent without any sub-limits. “This will result in a foreign direct investment of $1 billion (approximately Rs.6,885 crore) in the country,” says a statement by the government. — Special Correspondent
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