Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Time Technoplast to 49% of its paid-up capital. RBI has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49% of the paid up capital of Time Technoplast under the Portfolio Investment Scheme (PIS). The company has already passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.
Time Technoplast is the leading plastic product company based in India and is engaged in manufacture of technology based innovative products in the space of industrial packaging, infrastructure, lifestyle , automobile, healthcare , material handling and composites. It has expanded its operations outside of India in UAE, Bahrain, Thailand, China, Taiwan and Indonesia.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3672.00 |
| Astral | 1574.70 |
| Finolex Inds | 175.15 |
| Nilkamal | 1331.15 |
| Jain Irrigation Sys | 32.28 |
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