The stock rose by 4.17 percent to Rs 1,360 at BSE. On NSE, it gained 5.24 percent to Rs 1,376.
Foreign Institutional Investors (FIIs)/Registered Foreign Portfolio Investors (RFPIs) can now invest up to 40 percent, revised from earlier 35 percent, of the paid up capital of Godrej Consumer Products Limited under PIS, the Reserve Bank had said on Friday.
GCPL passed resolutions at board of directors' level and a special resolution by shareholders, agreeing to enhance the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.
The purchases could be made through primary market and stock exchanges, RBI said.
FIIs, NRIs and PIOs (Persons of Indian Origins) can invest in primary and secondary capital markets in India through PIS.


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