Eicher Motors Ltd.

BSE: 505200 | NSE: EICHERMOT
Large Cap | Automobile Two & Three Wheelers
7314.85
-39.65 (-0.54%)
< Home < Back

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

Date: 16-04-2015

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.