Ford India plans to export the Figo hatchback to 48 new countries in Africa, South America, Mexico, and the United Arab Emirates. SEBI doubled the limit for maximum investment by individual investors in public issues from Rs 1 lakh to Rs 2 lakhs. Bajaj Auto increased its stake in KTM Power Sports to 38.09% by purchasing additional shares of the company. Microfinance companies agreed to reduce interest rates charged to borrowers to 24% from as high as 34% in Andhra Pradesh. Fortis Healthcare plans to invest around Rs 650 crore to open 7-8 new hospitals in India over the next 18 months.

1. News

2. Ford India plans to export Figo to
newer markets
• Car maker Ford India, the 100 per cent
subsidiary of Ford Motor Corporation , USA
plans to export its hatchback Figo to newer
markets.
• Next year onwards they are planning to cover
48 countries. Initially they will export it to North
African market, South America, Mexico and in
the Emirates region.
• The car manufacturer since its launch in South
Africa was ranked among the Top 10 car
manufacturers.

3. IPO limit for individual investor
enhanced
• SEBI has doubled the limit for maximum
application for individual investors from Rs 1
lakh to Rs 2 lakhs across all public issues.
• Once categorized as HNIs these investors had
only 15 percent of the shares at their disposal,
as against 35 percent reserved for the retail
players.
• The remaining 50 percent is set aside for
institutional investors.

4. Bajaj Auto arm raises KTM stake
• Bajaj Auto International Holdings (BAIHBV), a
Netherlands-based wholly-owned subsidiary of
Bajaj Auto, has raised its stake in KTM Power
Sports .
• India’s second-largest motorcycle maker
purchased 2.44 lakh shares in KTM, taking the
total shareholding to 38.09% .
• Bajaj Auto is the second-largest shareholder in
KTM. The largest shareholders — Stefan
Pierer and Rudolf Knuenz hold more than 51%.

5. MFIs agrees to reduce interest
rates to 24 pc
• Micro finance companies agreed to reduce
interest rates they charged from borrowers to
24 per cent.
• A cut in rates comes from as high as 34 per
cent in the backdrop of an unsavory situation in
Andhra Pradesh, where many borrowers have
committed suicides due to coercive methods
adopted by micro finance institutions (MFIs) to
recover money.

6. Fortis draws up Rs 650-cr
investment plan
• Fortis Healthcare plans to invest around Rs
650 crore in the next 18 months to open 7-8
hospitals and is scouting for acquisition
opportunities in India.
• Fortis Healthcare had lost out a corporate
takeover battle for control of Singapore’s
Parkway early this year.
• The company disclosed that it booked Rs
342.6 crore as gain on the sale of its
investment.

7. Fortis draws up Rs 650-cr
investment plan
• Fortis Healthcare plans to invest around Rs
650 crore in the next 18 months to open 7-8
hospitals and is scouting for acquisition
opportunities in India.
• Fortis Healthcare had lost out a corporate
takeover battle for control of Singapore’s
Parkway early this year.
• The company disclosed that it booked Rs
342.6 crore as gain on the sale of its
investment.