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PMC Fincorp plans to raise FIIs limit to 49%

18 Mar 2015 Evaluate

PMC Fincorp is planning to increase its overall limit of investment by Foreign Institutional Investors (FIIs) registered with SEBI in the Equity Share Capital of the Company from existing permitted limit of 24% to 49%. Accordingly, meeting of the Board of Directors will be held on March 26, 2015 for considering the matter of increasing its overall limit for FIIs holding.

PMC Fincorp is engaged in trading in shares, financial services and investment activities. The company's income from operations primarily includes income from trading and distributions of financial products such as insurance, Mutual Fund, Bond and retail / QIB subscription for initial public offering, interest income from inter-corporate loan and long term investments.

PMC Fincorp Share Price

2.05 0.06 (3.02%)
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