Investment by FIIs under PIS : Mahindra & Mahindra Financial Services Ltd

The Reserve Bank of India today notified that Foreign Institutional Investors can now purchase equity shares and convertible debentures of M/s Mahindra & Mahindra Financial Services Limited (rbi.org.in/scripts/BS_FiiUSer.aspx#Mahindra) 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.

M/s Mahindra & Mahindra Financial Services 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) to this effect.

J.D. Desai
Assistant Manager

Press Release : 2010-2011/523