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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