M&M proposes increase in authorise capital

Mahindra & Mahindra (M&M) board at its meeting held today have recommended an increase in the authorised capital from Rs 200 crore to Rs 300 crore.

According to a M&M release issued to the BSE, the increase in authorise captial would be subject to shareholders approval at the forthcoming AGM to be held on July 28, 2005.