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RBI hikes Foreign Investment Limit in Bajaj Corp to 49%

06 Jan 2015 Evaluate

Reserve Bank of India (RBI) has advised that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49% of the paid up capital of Bajaj Corp under the Portfolio Investment Scheme (PIS).

RBI stated that the company has already passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.

Bajaj Corp is engaged in the manufacturing of hair oils. The company markets its hair oil under the brand names Brahmi Amla, Amla Shikakai and Jasmine hair oil.

Bajaj Corp Share Price

470.45 42.00 (9.80%)
17-Apr-2026 16:59 View Price Chart
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