India c.bank ups foreign fund cap in Tata Motors

Newswire

BOMBAY, Jan 24 (Reuters) - The Reserve Bank of India (RBI) said on Saturday foreign funds can buy shares or convertible debentures of Tata Motors Ltd up to 35 percent of the company's paid-up capital. The earlier limit was 24 percent and according to the Bombay Stock Exchange Web site foreign funds own 22.13 percent of India's largest truckmaker's shares.

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