Tuesday 10 December 2013

Ess Dee Aluminium surges on receiving approval from RBI to increase FIIs limit

The promoters holding in the company stood at 59.50 % while Institutions and Non-Institutions held 23.36 % and 17.14 % respectively.

Ess Dee Aluminium has received approval from Reserve Bank of India (RBI) to enhance the limit for purchase of its equity shares and convertible debentures by FIIs through primary market & stock exchanges up to 100% and by NRIs/PIOs up to 24% of its paid up capital, under the Portfolio Investment Scheme (PIS).

Ess Dee Aluminium (EDAL) is engaged in manufacturing of aluminium foil and poly vinyl chloride (PVC) based products. Currently the company owns 8 state of the art manufacturing plant spread across India. Ess Dee is a leading supplier of primary packaging materials.

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