Mahindra & Mahindra Financial Services Ltd has informed BSE that the Company has allotted 61,33,205 Equity Shares of Rs. 10 each to Qualified Institutional Buyers under the Qualified Institutions Placement on February 22, 2011. Pursuant to this allotment, the paid-up share capital of the Company stands increased from 9,78,69,530 Equity Shares to 10,40,02,735 Equity Shares.
As a consequence of the increase in the paid-up capital of the Company, the percentage shareholding of the Promoter, Mahindra & Mahindra Ltd stands reduced from 59.51% to 56% and percentage shareholding of the Promoter Group - Mahindra & Mahindra Financial Services Ltd Employees' Stock Option Trust stands reduced from 1.58 % to 1.49%.
Sensex
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Wednesday, February 23, 2011
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