Investment by FIIs under PIS : M/s. Info-Drive Software Limited

The Reserve Bank of India today notified that M/s. Info-Drive Software Limited has passed resolutions at the board of directors’ level and at a special resolution by the shareholders, to enhance the limit for purchase of its equity shares and convertible debentures by Foreign Institutional Investors (FIIs), through primary market and stock exchanges, under the Portfolio Investment Scheme to 49 per cent of its paid up capital.

Foreign Institutional Investors can now purchase equity shares and convertible debentures of M/s. Info-Drive Software Limited through primary market and stock exchanges under the Portfolio Investment Scheme, provided :

• FIIs through primary market and stock exchanges up to 49 per cent of the paid up capital of the company under Portfolio Investment Scheme.

R. R. Sinha
Deputy General Manager

Press Release : 2010-2011/314