The Reserve Bank of India has today notified that consequent to the approval for demerging of Bajaj Auto Ltd. with Bajaj Finserv Ltd. and Bajaj Holdings and Investment Ltd. with effect from June 16, 2009 the FII holding has gone below 24 per cent. Hence, the restriction placed on the purchase of shares of Bajaj Auto Ltd. on behalf of FIIs may be treated as withdrawn. It will, therefore, now be in order to purchase the shares of the company in the secondary market on behalf of FII clients who have obtained permission to invest under the Portfolio Investment Scheme (PIS) subject to the existing ceilings and guidelines in this regard.

Ajit Prasad
Manager

Press Release : 2008-2009/2078