Tech Mahindra Ltd.

Tech Mahindra, a specialist provider of connected solutions to the connected world, has received an approval from the Reserve Bank of India (RBI) whereby the apex bank has permitted the company to increase the foreign investment limit by up to 48% from 45% earlier. As of quarter ended December 31, 2014, FIIs held 40.42% shares in the company.

RBI stated that Foreign Institutional Investors (FIIs), through primary market and stock exchanges, can now purchase up to 48% revised from earlier limit of 45% of the paid up capital of Tech Mahindra under Portfolio Investment Scheme (PIS).

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.