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Tech Mahindra trades with traction on the BSE

14 Jan 2015

Tech Mahindra is currently trading at Rs. 2781.00, up by 19.25 points or 0.70% from its previous closing of Rs. 2761.75 on the BSE.

The scrip opened at Rs. 2770.00 and has touched a high and low of Rs. 2792.95 and Rs. 2759.35 respectively. So far 14756 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2792.95 on 14-Jan-2015 and a 52 week low of Rs. 1677.65 on 11-Apr-2014.

Last one week high and low of the scrip stood at Rs. 2792.95 and Rs. 2513.70 respectively. The current market cap of the company is Rs. 66971.73 crore.

The promoters holding in the company stood at 35.99% while Institutions and Non-Institutions held 50.27% and 13.74% respectively.

Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, has signed a definitive agreement to acquire SOFGEN Holdings (SOFGEN), a niche consulting and services company with worldwide presence specializing in Private / Wealth, Commercial and Retail Banking solutions. The transaction is expected to close by March 2015, subject to regulatory approvals.

With this acquisition, Tech Mahindra will have the capability to offer a unique combination of ‘Change the Bank and Run the Bank’ services to Retail banking, Private Banking and Wealth Management customers globally.

SOFGEN has 450+ employees with 20+ Tier 1 client relationships. Delivering solutions in and around core banking the company has the 2nd largest pool of Avaloq consultants in the world and is Temenos’ most prolific partner.

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.

Related Tech Mahindra Ltd. Links:

Tech Mahindra Share Price

1592.90 -36.75 (-2.26%) Dec 03, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323