The Cabinet Committee on Economic Affair gave its approval to the proposal of M/s Lupin Limited for increase in aggregate limit of investment by FIIs and their sub-accounts registered with SEBI, from 33 percent to 49 percent.

The approval would result in foreign investment of ₹ 6099 crore (approximately) in the country.

Aggregate FII investment limit increase permits higher foreign equity holding in the company after executive approval. Approval was granted to raise the aggregate limit of investment by FIIs and their sub-accounts in the company, increasing the permissible foreign equity holding and permitting additional foreign portfolio inflows into the issuer's shares.