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FIIs investments in Maruti Suzuki breaches overall limit of 24%

Foreign Institutional Investors (FIIs) will not be able to buy Maruti Suzuki India's (MSIL) shares, as the automakers overall FII limit of 24% of its paid-up capital has been breached. Pursuant to which, further purchases of share of the company will not be allowed through stock exchanges in India on behalf of FIIs.

The company has reported 143.74% surge in its net profit at Rs 501.29 crore for the quarter ended December 31, 2012 as compared to Rs 205.62 crore for the same quarter in the previous year.

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