Offshore investors can now buy up to 30% in Bajaj Auto Finance

Offshore investors can now buy up to 30% in Bajaj Auto Finance
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First Published: Sun, Feb 25 2007. 12 25 PM IST
Updated: Sun, Feb 25 2007. 12 25 PM IST
PTI
Mumbai: The Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs) can now purchase equity shares and convertible debentures of Bajaj Auto Finance under the portfolio investment scheme.
These purchases can be made through primary markets and stock-exchanges in India, the central bank said.
The purchases can be made up to 30% of the paid-up capital of Bajaj Auto Finance. This follows the company passing a resolution to this effect at a Board of Directors meeting and a special resolution passed by its shareholders.
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First Published: Sun, Feb 25 2007. 12 25 PM IST
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