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Future Supply Chain Solutions stock gains after RBI hikes FPI limit

Future Supply Chain Solutions has passed necessary resolutions of its board of directors and general body as required under the FEMA regulations, RBI said in a notice.
Future Supply Chain Solutions Ltd is currently trading at Rs690.95, up by Rs22.95 or 3.44% from its previous closing of Rs668 on the BSE.

The Reserve Bank of India (RBI) has increased the foreign portfolio investors investment limit in Future Supply Chain Solutions Ltd to 49% from the current 24%.

Future Supply Chain Solutions has passed necessary resolutions of its board of directors and general body as required under the FEMA regulations, RBI said in a notice.

The scrip opened at Rs680 and has touched a high and low of Rs711.95 and Rs680 respectively.