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 today notified that the foreign share-holding in Maruti Suzuki India Ltd by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 22 per cent.
"Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India," said a notification by the central bank.
The Reserve Bank today notified that the foreign share-holding in Maruti Suzuki India Ltd by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 22 per cent.
"Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India," said a notification by the central bank.