Birlasoft Ltd.

Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in KPIT Technologies to 80% of its paid-up capital. RBI has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 80 per cent (revised from earlier limit of 49 per cent) of the paid up capital of KPIT Technologies (formerly KPIT Cummins Infosystems) under the Portfolio Investment Scheme.

The company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs. The purchases could be made through primary market and through stock exchanges and would be subject to Regulation 5(2) of FEMA Notification No.20 dated May 03, 2000 (as amended from time to time) and other terms and conditions stipulated by RBI.

KPIT Technologies is one of the fastest growing global product engineering and IT consulting partners, focused on co-innovating domain intensive technology solutions for automotive & transportation, manufacturing and energy & utilities corporations.