Bloomberg News

Maruti Shares Gain After RBI Lifts Curbs on Foreign Investment

October 04, 2011

Oct. 4 (Bloomberg) -- Maruti Suzuki India Ltd. gained as much as 1.9 percent in Mumbai after the Reserve Bank of India said it had removed restrictions on purchases of the carmaker’s shares by overseas investors.

Maruti shares changed hands at 1,093.4 rupees at 9:18 a.m. local time, up 1.5 percent.

To contact the reporter on this story: Siddharth Philip in Mumbai at sphilip3@bloomberg.net

To contact the editor responsible for this story: Vipin Nair at vnair12@bloomberg.net


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