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T. Rowe, affiliates buy M&M shares

Our Bureau

Mumbai , Sept. 23

MAHINDRA & Mahindra Ltd (M&M) has informed the National Stock Exchange that T. Rowe Price Associates Inc and its affiliates have acquired 61,55,800 equity shares of M&M representing 5.31 per cent of the paid-up capital as on September 10, 2003.

However, the company said as per the depository download as of September 12, only 54,37,800 shares had been registered in the names of the affiliates of the T. Rowe Price Associates, under FII category. This works out to 4.69 per cent of the paid-up capital of the company.

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