M&M to raise additional resources through FCDs

Mumbai: The Board of Directors of Mahindra & Mahindra Limited at its Meeting held on 3^rd May, 2008 have approved raising additional resources through issuance of Unsecured Fully and Compulsorily Convertible Debentures to Golboot Holdings Limited, an entity controlled by Goldman Sachs, details whereof are given below and the same intimation has been sent by the Company to the Stock Exchanges.

Outcome of Board Meeting of Mahindra & Mahindra Limited held on 3^rd May, 2008: