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Foreign investment in Prajay Engineers Syndicate reaches trigger limit

03 Sep 2014 Evaluate

Reserve Bank of India (RBI) has notified that the aggregate net purchases of the equity share in Prajay Engineers Syndicate by Non Resident Indians (NRIs)/ Persons of Indian Origin (PIOs) in primary/secondary markets has reached the trigger limit and has been included in the ban list of the RBI for purchase of equity shares by NRI/PIOs. Accordingly, no further purchases of the shares of Prajay Engineers Syndicate would be allowed through stock exchanges on behalf of NRI/PIOs.

Prajay Engineers Syndicate is engaged in the development and construction of residential and commercial properties in Hyderabad and Secunderabad, India. The company commenced operations in the real estate sector by building low cost residential buildings. It then diversified into high-end apartments, commercial complexes, hospitality ventures, malls, IT parks and large format high-end integrated townships.

Prajay Engg.Syndicat Share Price

24.02 1.17 (5.12%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 965.60
Dilip Buildcon 478.50
DLF 608.40
Oberoi Realty 1703.85
Ahluwalia Contract(I 847.50
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