FII cap could impact Pankaj Polypack

Shares of Pankaj Polypack may come under pressure as the RBI has disallowed foreign portfolio investors from purchasing additional shares in the company. Foreign portfolio investors’ holding in the company has reached the overall limit of 10 per cent of its paid-up capital, the central bank said. However, till March-end, there was no institutional holding, including domestic, the company’s filing with the Bombay Stock Exchanges has revealed.