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Our Bureau

Mumbai , Aug. 26

The RBI has informed that investment by FIIs in M&M would be up to 35 per cent of its paid-up capital, as the company's board of directors has passed a resolution to this effect. FIIs can purchase equity shares and convertible debentures of Mahindra and Mahindra Ltd up to 35 per cent, Opto Circuits (India) Ltd (40 per cent) and S. Kumars Nationwide Ltd (49 per cent) through stock exchanges and primary markets in India under Portfolio Investment Scheme, said a press release by the Reserve Bank of India.

More Stories on : Foreign Institutional Investors | HCV/LCV/Tractors | Mahindra & Mahindra Ltd

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