Apollo Tyres to raise FII holding limit to 30 pct


MUMBAI, June 22 (Reuters) - Apollo Tyres Ltd will raise its limit for foreign institutional investors holding by up to 30 percent of equity, the Reserve Bank of India said in a statement on its website. However, no single FII can buy more than 10 percent of the paid-up capital of the tyre maker, it added. See: http://link.reuters.com/nyq43m (Reporting by Swati Pandey; Editing by Harish Nambiar)

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