Maruti Suzuki falls as RBI bans foreign purchases
Shares of the Maruti Suzuki slipped on Monday after the Reserve Bank of India said that there will no further purchases of share of this company would be allowed through stock exchanges in India on behalf of Foreign Institutional Investors.
The Reserve Bank of India on Monday today notified that M/s Maruti Suzuki India Ltd. has crossed the overall limit of 24 per cent of its paid-up capital.
The ceiling for overall investment for FIIs is 24 per cent of the paid up capital of the Indian company and 10 per centfor NRIs/PIOs. However, FII investment can be raised up to sectoral cap/statutory ceiling, subject to the approval of the board and the general body of the company passing a special resolution to that effect.
Shares opened at Rs 1,440 and slipped to low of Rs 1,415 on NSE. ON BSE shares were seen trading at Rs 1409 lower by 2.30% at 10.00 am IST.
GoodReturns.in
More From GoodReturns

Stock Market Holidays: BSE, NSE To Be Closed For 3 Days From March 30-April 5; Mahavir Jayanti To Good Friday

Russia to Halt Gasoline Exports from April 1 for Four Months to Stabilise Domestic Fuel Prices

New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?

LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026

Gold Rate Today Continues Rally, 24K Jumps Over Rs 35000 in 2 Days; 22K & 18K Gold, Silver Prices in Delhi

Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA

5 New Shares On One Soon: Anil Agarwal's Vedanta Demerger To Take Place in April, Says Report



Click it and Unblock the Notifications

