Healthcare Global spurts post increase in FPI investment cap

Shares of Healthcare Global Enterprises shares zoomed over 7 per cent on the bourses on Friday. The Reserve Bank of India (RBI) increased the foreign investment limit for the company.

RBI  increased the foreign investment limit for foreign portfolios investors (FPIs) in the company from 24 per cent to 100 per cent of the paid-up capital of the company, on Thursday. 

The company has passed the necessary resolutions of its board of directors and general body for the same.Healthcare Global Enterprises is India's largest provider of cancer care with a network of 20 cancer care centres across India.

On Friday, Healthcare Global closed at Rs. 299.60 per share, up Rs. 21.25 or 7.63 per cent on NSE. The scrip opened at Rs. 288.00 and touched a high and Low of Rs. 304.95 and Rs. 288.00 per share, respectively, on NSE. The stock is trading 7 per cent lower than its 52-week high of Rs. 321. The stock attracted a traded volume of 3,09,935 shares on NSE.