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RBI allows foreign investors to invest up to 49% in Eicher Motors

16 Apr 2015 Evaluate

The Reserve Bank of India (RBI) has allowed foreign investors to invest up to 49% of the paid-up capital in Eicher Motors. Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49% of the paid-up capital of Eicher Motors under the Portfolio Investment Scheme (PIS). The purchases can be made through primary market and stock exchanges.

As of quarter ended December 2014, FIIs held 19.47 per cent shares on the company.

Eicher Motors is one of the leading manufacturers of commercial vehicle. It has manufacturing facilities located in Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana.

Peers
Company Name CMP
Bajaj Auto 10069.85
TVS Motor Company 4021.45
Hero MotoCorp 5173.00
Eicher Motors 6949.85
OLA Electric Mobilit 37.09
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