The Reserve Bank of India has today notified that the aggregate net purchases of equity share holdings in M/s. Panyam Cements & Minerals Industries Ltd. by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme (PIS) have reached the trigger limit. Therefore, the company has been included in the ban list of Reserve Bank of India (for purchase of equity shares by FIIs). Accordingly, no further purchases of shares of this company would be allowed through stock exchanges in India on behalf of FIIs.

Ajit Prasad
Manager

Press Release : 2010-2011/57