Tech Mahindra advances on launching first Center of Excellence for Google Technologies in Malaysia

10 Mar 2015

Tech Mahindra is currently trading at Rs. 2824.00, up by 16.90 points or 0.60% from its previous closing of Rs. 2807.10 on the BSE.

The scrip opened at Rs. 2810.00 and has touched a high and low of Rs. 2847.30 and Rs. 2771.80 respectively. So far 22640 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2998.00 on 02-Feb-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. 2937.00 and Rs. 2784.00 respectively. The current market cap of the company is Rs. 67749.58 crore.

The promoters holding in the company stood at 36.74 % while Institutions and Non-Institutions held 49.53 % and 13.73 % respectively.

Tech Mahindra has opened its first Center of Excellence (CoE) for Google tools at Tech Mahindra's Global Solution Cent& in Cytienaya, bringing transformational solutions to enterprises across Malaysia and the Asia Pacific region.

The CoE aims to be the hub for innovation within the region and to focus on nurturing and building solutions with the best combination of products and technologies. This initiative is also a part of Tech Mahindra’s work with Google to promote products, technologies and solutions for digital transformation across enterprises. The CoE in Malaysia brings technologies and solutions closer to the regional businesses and is aimed at creating highly effective, collaborative and productive business environments within organizations.

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.

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