SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

RBI allows Hinduja Foundries to increase FII limit to 60%

03 Apr 2014 Evaluate

Reserve Bank of India (RBI) has allowed Hinduja Foundries to raise its foreign investment limit up to 60% of paid-up capital. The company has already passed resolution at the 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 Foreign Institutional Investor (FIIs), through primary market and stock exchanges up to 60% of the paid up capital of the company under Portfolio Investment Scheme.

Hinduja Foundries was established in 1959, when the Indian automotive industries started growing. Hinduja Foundry is the first largest automobile-jobbing foundry in India and is part of Hinduja Group.

Peers
Company Name CMP
AIA Engineering 4024.35
Alicon Castalloy 679.15
Nelcast 137.70
Steelcast 293.70
Synergy Green Inds. 519.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×