RBI allows Investment by FIIs under PIS in Bajaj Auto Finance Ltd

The Reserve Bank of India has 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.

Source : Equity Bulls

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