Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
15240.95
-228.65 (-1.48%)
< Home < Back

FII investments reaches trigger limit in Maruti Suzuki India

Date: 04-03-2014

Foreign share holding limit in Maruti Suzuki India has reached trigger limit and any further investment by FIIs will be allowed only after RBI's approval. The Reserve Bank notified that the foreign share holding in Maruti Suzuki India by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 22 percent.

Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India.

Maruti Suzuki India (MSI) reported a marginal fall in total sales at 1,09,104 units in February 2014, against 1,09,567 units in the same month last year.