Pennar Industries Update by Epic Research

Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Pennar Industries to 35% of its paid-up capital. RBI has notified that the foreign share holding by FIIs/Registered Foreign Portfolios Investors (RFPIs) in the company has gone below the revised threshold limit stipulated under the extant FDI Policy. Hence, the restrictions placed on the purchase of shares of the above company are withdrawn with immediate effect.

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