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Published on 04/Jul/2013 03:04 PM | Source: Dion Global Solutions Ltd / Image - Reuters

FIIs’ net equity holding in Pennar Industries reaches trigger limit: RBI

Posted in Stock Market| #RBI #FII #Banking Sector #Stock Market

News Details

The Reserve Bank of India (RBI) on Wednesday notified that aggregate net purchases of equity shares by Foreign Institutional Investors (FIIs) in Pennar Industries Ltd under the Portfolio Investment Scheme (PIS) have reached the trigger limit. RBI said any further buying of equity shares by FIIs in Pennar Industries will be allowed only after its approval.

FIIs holding in the company stood at 29.11 per cent at the end of March 31, 2013 as against 28.99 per cent as at the end of December 31, 2012. At 12:02 hours, shares of the company were trading at Rs 25.30 a piece, down 0.78 per cent from previous close on BSE.