With Maruti, the number of companies where 22 percent FII limit has been reached and further purchases will be allowed with prior approval of RBI has increased to 10.
Foreign share holding limit in Maruti Suzuki India has reached trigger limit and any further investment by FIIs will be allowed only after RBI's approval.
The Reserve Bank Monday notified that the foreign share holding in Maruti Suzuki India Ltd by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 22 percent.
"Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India," said a notification by the central bank.
Also Read: Finally, some green shoots for the battered auto industry?
Maruti Suzuki's share closed at Rs 1,581.75 at BSE, down 0.29 percent over Friday.
With Maruti, the number of companies where 22 percent FII limit has been reached and further purchases will be allowed with prior approval of RBI has increased to 10.
The other companies, including, Multi Commodity Exchange of India (w.e.f September 26, 2013), Titan Industries (w.e.f. November 6, 2013) and Tata Chemicals (w.e.f. December 13, 2013).
In a separate notification, RBI informed that name of 'Chinatrust Commercial Bank' has been changed to 'CTBC Bank Co. Ltd'.
Maruti Suzuki stock price
On March 03, 2014, Maruti Suzuki India closed at Rs 1581.75, down Rs 4.55, or 0.29 percent. The 52-week high of the share was Rs 1864.00 and the 52-week low was Rs 1217.00.
The company's trailing 12-month (TTM) EPS was at Rs 106.68 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 14.83. The latest book value of the company is Rs 615.03 per share. At current value, the price-to-book value of the company is 2.57.
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