Reserve Bank of India

14.09.2015

Banking

FIIs/RFPIs/QFIs can now invest up to 40 per cent under PIS in Maruti Suzuki India Limited

MANU/RPRL/0117/2015

The Reserve Bank of India notified that Foreign Institutional Investors, Registered Foreign Portfolios Investors and Qualified Foreign Investors can invest up to 40 per cent of the paid up capital of Maruti Suzuki India Limited under the Portfolio Investment Scheme. Restrictions on the purchase of shares of Maruti Suzuki have been withdrawn, given that in recent times the company has seen foreign shareholding dip below the threshold limit.

Relevant

Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 MANU/RFEM/0012/2000

Tags : Maruti Suzuki investment foreign

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