RBI clamps further investment by FIIs in Ashok Leyland

Mumbai, May 17 (UNI) The Reserve Bank of India today notified that no further purchases of equity shares of Ashok Leyland Ltd(ALL) should be made on behalf of Foreign Institutional Investors (FIIs) through primary and secondary markets in the country without the prior permission of RBI.

Issuing a release to the effect, RBI further said that the ALL has reached the limit of 22 per cent of its paid up capital.

UNI SN ADG SKB1658