Investment by FIIs under PIS : Maruti Suzuki India Ltd
By RBIMonday, October 3, 2011
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The Reserve Bank of India has today notified that the aggregate share holdings in Maruti Suzuki India Ltd by Foreign Institutional Investors (FIIs) under the Portfolio Investment Scheme (PIS) have gone below the prescribed trigger limit. Hence, this company has been removed from the caution list for FII investment and the restrictions placed on the purchase of shares of this company are withdrawn with immediate effect.
Therefore, it will be in order to purchase the shares of the above company in the secondary market on behalf of FIIs who have obtained permission to invest under the Portfolio Investment Scheme subject to the existing ceilings and guidelines in this regard. J. D. Desai Press Release : 2011-2012/522 |
