Breaking News

You are here » Indian-Commodity  :  Investment  :  FIIs investments in Maruti Suzuki breaches overall limit of 24%

26-Feb2013

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.


Related News

View all news

ITC set to foray into dairy product market

ITC is all set to foray into dairy product market with ghee, which would be available in the market by the end of the current quarter. The company's ambitious dairy business will rollout in the next few......

DishTV ties up with Hungama to launch music active

DishTV has entered into partnership with Hungama to launch music active. The active service will enhance DishTV's portfolio in the field of VAS and music and provide unlimited music to its subscribers.......

Sagar Cements acquires 100% stake in BMM Cements

Sagar Cements has acquired 100% equity holding in BMM Cements. With this, BMM Cements has now become a wholly-owned subsidiary of the company.The company had earlier received final approval for......

Top News

View all news

HDFC Bank, ITC, Infosys and Syngene International to see some action

HDFC Bank, India's second largest private bank, cut its base rate by 35 basis points to 9.35%, from the existing 9.70 percent, thereby making loans from the bank cheaper. Earlier in June, the bank had......

RBI governor finally buzzes to the demand, hints at rate cut

Reserve Bank of India (RBI) Governor Raghuram Rajan finally hinting for a rate cut has said that inflation has come down to the comfort zone quicker than expected and he is keeping a watch on......

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......