Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 40 per cent of the paid up capital of Panyam Cements & Mineral Industries under the Portfolio Investment Scheme (PIS). The company has 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.

With this, the foreign share holding by FIIs, in Panyam Cements & Mineral Industries has gone below the revised threshold limit. Accordingly, the restrictions placed on the purchase of shares of the company by FIIs are withdrawn with immediate effect.

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Panyam Cement&Minera Share Price

7.55 0.00 (0.00%) Oct 22, 18:59
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Peers
Company Name CMP
Ultratech Cement 6417.00
ACC 1896.10
Shree Cement 27845.95
Ambuja Cement 313.50
Dalmia Bharat 1560.00
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