FII investments reach trigger limit in Maruti Suzuki India

Tags: News
Foreign share holding limit in Maruti Suzuki India has reached trigger limit and any further investment by FIIs will be allowed only after RBI's approval.

The Reserve Bank today notified that the foreign share holding in Maruti Suzuki India Ltd by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 22 per cent.

"Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India," said a notification by the central bank.

Maruti Suzuki's share closed at Rs 1,581.75 at BSE, down 0.29 per cent over Friday.

With Maruti, the number of companies where 22 per cent FII limit has been reached and further purchases will be allowed with prior approval of RBI has increased to 10.

The other companies, including, Multi Commodity Exchange of India (w.E.F September 26, 2013), Titan Industries (w.E.F. November 6, 2013) and Tata Chemicals (w.E.F. December 13, 2013).

In a separate notification, RBI informed that name of 'Chinatrust Commercial Bank' has been changed to 'CTBC Bank Co. Ltd'.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must not exempt listed SMEs from its mandatory disclosure norms

    The Securities and Exchange Board of India (Sebi) has amended clause 49 of the listing agreement, which lays down the obligation of companies toward t

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Skills education can boost industry

India’s manufacturing industry matters a great deal for the economic ...

Rajgopal Nidamboor

How synchronous empathy helps us

All of us are in an undulating ‘hypnotic’ state. A ...

Gautam Gupta

In fashion, why quality must exceed quantity

Every time there’s a fashion week in India, my friends, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture