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May 29, 2002 | 1155 IST 		Feedback  
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RBI bars fresh foreign fund buying in UB

The Reserve Bank of India said on Tuesday it had barred foreign institutional investors from buying more shares in United Breweries without first obtaining its permission.

In a statement, the RBI said foreign investment in UB had reached the overall ceiling of 22 per cent of its paid-up capital.

UB shares ended down 2.36 per cent at Rs 125.95 before the statement was issued, while the benchmark Bombay share index shed 2.98 per cent.

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