Eicher Motors has receive an approval to increase the aggregate Foreign Institutional Investment limit, under the portfolio investment scheme, to 49% of the company’s total paid up share capital subject to the approval of shareholder by Special Resolution. The board of directors at their meeting held on February 13, 2015 have approved for the same.
Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.
