Login To Trade  |  About IIFL
  • NIFTY  8001.95  53 0.67%
  • SENSEX 26392.38  161.19 0.61%
  1. News
  2. Sector

  3. Others

FIIs can’t buy more stocks of Maruti Suzuki: RBI

India Infoline News Service | Mumbai | February 26, 2013 12:29 IST

Foreign investment in Maruti Suzuki has crossed the overall limit of 24% of its paid-up capital, RBI said

The Reserve Bank of India (RBI) said foreign Institutional Investors (FIIs) cannot buy shares of car manufacturer Maruti Suzuki India Ltd (MSIL) as their limit of 24% has been breached.

Maruti Suzuki India Ltd has crossed the overall limit of 24% of its paid-up capital. Therefore, no further purchases of share of this company would be allowed through stock exchanges in India on behalf of foreign institutional investors, the RBI said in a circular on Monday.

FIIs, NRIs and PIOs (persons of Indian origin) are allowed to invest in the primary and secondary capital markets in India under the portfolio investment scheme (PIS).
Shares of Maruti Suzuki closed at Rs. 1,449 on the Bombay Stock Exchange, up 0.7% from the previous close.

Get Top 500 Company Research from acclaimed IIFL Research Team...Click Here!!!

Read more on: FIIs  can’t  buy  more  stocks  of  Maruti  Suzuki:  RBI 
article
113110715202
FIIs can’t buy more stocks of Maruti Suzuki: RBI
FIIs can’t buy more stocks of Maruti Suzuki: RBI
Foreign investment in Maruti Suzuki has crossed the overall limit of 24% of its paid-up capital, RBI said
http://www.indiainfoline.com/article/news-top-story/fiis-can’t-buy-more-stocks-of-maruti-suzuki-rbi-113110715202_1.html
February 26, 2013 12:29 IST
http://content.indiainfoline.com/_media/iifl/img/article/default/glo_news.jpg
FIIs can’t buy more stocks of Maruti Suzuki: RBI
Others
$rawVideoFileUrl$
$videoPlayerUrl$
News
Recent Reports

Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.