FIIs investment limit in Tech Mahindra raised to 45%

Written By Unknown on Minggu, 13 Oktober 2013 | 21.03

Oct 12, 2013, 02.47 PM IST

This limit has been revised from earlier limit of 35 percent of the paid up capital of the company under Portfolio Investment Scheme.

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FIIs investment limit in Tech Mahindra raised to 45%

This limit has been revised from earlier limit of 35 percent of the paid up capital of the company under Portfolio Investment Scheme.

Like this story, share it with millions of investors on M3

FIIs investment limit in Tech Mahindra raised to 45%

This limit has been revised from earlier limit of 35 percent of the paid up capital of the company under Portfolio Investment Scheme.

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The Reserve Bank today enhanced the limit for foreign institutional investors (FIIs) to purchase shares in Tech Mahindra up to 45 percent of the paid up capital of the company.

"The Reserve Bank of India today notified that Tech Mahindra has passed resolutions...,agreeing of enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs, through primary market and stock exchanges up to 45 percent," RBI said in a notification.

This limit has been revised from earlier limit of 35 percent of the paid up capital of the company under Portfolio Investment Scheme.

FIIs, NRIs and persons of India origin (PIOs) are allowed to invest in the primary and secondary capital markets in India through the PIS.

Under the scheme, FIIs/NRIs can acquire shares/debentures of Indian companies through the stock exchanges in India.


On October 11, 2013, Tech Mahindra closed at Rs 1548.60, up Rs 33.55, or 2.21 percent. The 52-week high of the share was Rs 1562.40 and the 52-week low was Rs 865.25.

The company's trailing 12-month (TTM) EPS was at Rs 46.63 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 33.21. The latest book value of the company is Rs 184.44 per share. At current value, the price-to-book value of the company was 8.40.


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