Retail investors can invest up to Rs 2 lakh in MOIL IPO

“This would be the first issue by a PSU( MOIL issue ) where retail investors will be able to invest up to Rs 2 lakh,” Disinvestment Secretary Sumit Bose told reporters here.

As per the new norms announced by the market regulator Sebi in October, investment limit for retail investors in initial share sale offer has been doubled to Rs 2 lakh as against Rs one lakh earlier.

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