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

July 03, 2013 / 18:13 IST

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

first published: Jul 3, 2013 06:13 pm

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