The Reserve Bank of India (RBI) today said that foreign institutional investors (FIIs) would be allowed to buy more shares of Maruti Suzuki but only after obtaining approval from the central bank.
"...Purchases of equity shares (by FIIs) in the primary or secondary markets of this company (Maruti) would be allowed only after obtaining prior approval of the Reserve Bank of India," the RBI said in a release.
The apex bank added that the aggregate net purchases of equity shares in Maruti Suzuki by FIIs under Portfolio Investment Scheme have reached the trigger limit of their paid up capital.
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