Shares in Maruti Suzuki gained 4.6 per cent to Rs 1,392 on Thursday after the Reserve Bank removed restrictions on shareholdings from foreign institutional investors.
The removal of the cap comes after foreign shareholdings fell below the "prescribed threshold limit" stipulated by India's foreign direct investment rules.
Maruti Suzuki's foreign ownership stood at 78.24 per cent as of June 30, including Suzuki Motor Corp's stake, according to stock exchange data.
Copyright Thomson Reuters 2013
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