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Retail stocks surge after secretaries panel clears 51% FDI

Most retail shares surged Monday as investors cheered a recommendation by the government’s Committee of Secretaries to allow up to 51% FDI in multi-brand organised retail.

July 25, 2011 / 15:09 IST
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Moneycontrol Bureau

Most retail shares surged Monday as investors cheered a recommendation by the Committee of Secretaries to allow up to 51% FDI in multi-brand organised retail. Although foreign direct investment is allowed in single brand stores like Marks and Spencer
first published: Jul 25, 2011 12:16 pm

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