Moneycontrol
Jul 03, 2013 06:13 PM IST | Source: RBI

Investment by FIIs under PIS - Incorporation in Caution List : M/s Pennar Industries Limited

Investment by FIIs under PIS - Incorporation in Caution List : M/s Pennar Industries Limited

The Reserve Bank of India has today notified that the aggregate net purchases of equity shares in M/s Pennar Industries Limited by Foreign Institutional Investors (FIIs) in primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit. Hence, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the Reserve Bank of India.

Manjula Ratan
General Manager

Press Release : 2013-2014/30

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