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India Economy: 
Investment by FIIs under PIS : Bajaj Auto Fin.
Author: 123jump.com Staff
123jump.com
Last Update: 8:32 AM EST February 23 2007


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The purchases can be made upto 30 per cent of the paid up capital of the company, as it has passed resolution to this effect at the Board of Directors'' meeting and a special resolution passed by the share holders of the company.

 
Date : 23 Feb 2007

Investment by FIIs under PIS : Bajaj Auto Finance Ltd.

The Reserve Bank of India has today notified that under Portfolio Investment Scheme (PIS), Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of Bajaj Auto Finance Ltd., through primary markets and stock exchanges in India. The purchases can be made upto 30 per cent of the paid up capital of the company, as it has passed resolution to this effect at the Board of Directors'' meeting and a special resolution passed by the share holders of the company.

P.V.Sadanandan
Manager

Press Release : 2006-2007/1150
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