Maruti Suzuki gains; foreign investment caps removed

Last Updated: Thursday, August 8, 2013 - 10:58

Mumbai: Shares in Maruti Suzuki gained 4 percent Thursday after the central bank removes restrictions on shareholdings from foreign institutional investors.

The removal of the cap comes after foreign shareholdings fell below the "prescribed threshold limit" stipulated by India's foreign direct investment rules.

Maruti Suzuki's foreign ownership stood at 78.24 percent as of June 30, including Suzuki Motor Corp's stake, according to stock exchange data.

Reuters

First Published: Thursday, August 8, 2013 - 10:58

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