MoneyWorks4Me

RBI disallows foreign portfolio investors from purchasing stake in Pankaj Polypack

10 Jul 2014 Evaluate

Reserve Bank of India (RBI) has disallowed foreign portfolio investors from purchasing additional shares in Pankaj Polypack. Foreign portfolio investors’ holding in the company has reached the overall limit of 10 per cent of its paid-up capital. However, till March-end, there was no institutional holding, including domestic.

As on March 31, 2014, the promoters holding in the company stood at 61.76%, while Non-Institutions held 38.24% stake in the company.

 

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