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 Accordingly, the restrictions placed on the purchase of shares of the company by FIIs are withdrawn with immediate effect.
Company Name | CMP |
---|---|
Ultratech Cement | 9683.60 |
ACC | 2579.70 |
Shree Cement | 24013.35 |
Ambuja Cement | 637.75 |
Dalmia Bharat | 1804.20 |
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