Reserve Bank of India has notified that the aggregate share holdings in Carborundum Universal by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) have gone below the prescribed threshold caution limit stipulated under the extant FDI policy. Accordingly the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect. Equity shares of Carborundum Universal can now be purchased by FIIs through primary market and stock exchanges.
Carborundum Universal, popularly known as CUMI, is engaged in manufacturing of coated and bonded abrasives, super refractories, electrominerals, industrial ceramics and ceramic fibres in India.
Company Name | CMP |
---|---|
Carborundum Univer. | 1481.55 |
Grindwell Norton | 2162.15 |
Wendt India | 14105.00 |
Alirox Abrasives | |
John Oakey & Mohan Ltd. | |
View more.. |