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PMC Fincorp gets nod to raise FIIs limit to 49%

27 Mar 2015 Evaluate

PMC Fincorp has received its board's approval to increase the 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% subject to the approval of the members by way of a Special Resolution and in compliance with all such relevant provisions as may be applicable in this regard. The board of company at its meeting held on March 26, 2015 has approved for the same. Further, the Board is authorized to act on the same and put up the matter for approval in the forthcoming General Meeting.

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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