The Reserve Bank of India (RBI) today asked foreign investors not to purchase shares of Bajaj Auto through stock exchanges any further as it has reached its threshold limit of 24 per cent of the total paid-up capital of the company.
"...No further purchases of shares of Bajaj Auto, should be made through stock exchanges in India on behalf of FIIs," the RBI said in a release.
The RBI added the aggregate share holding of Foreign Institutional Investors (FII) under Portfolio Investment Scheme in Bajaj Auto has reached the overall limit of 24 per cent of its paid-up equity capital.
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