Indian cbank limits fresh foreign fund buying in M&M

Newswire

BOMBAY, March 25 (Reuters) - The Reserve Bank of India (RBI) on Thursday barred fresh foreign fund buying of shares of Mahindra and Mahindra (M&M) Ltd without RBI permission. The Indian central banks said foreign fund investments had reached a trigger limit of 22 percent of the auto maker's paid up capital.

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