Tech Mahindra gains on buzz to hive off ‘Saral Rozgar’ as a separate firm

Tech Mahindra Ltd. | IT - Software | IT & ITES | BSE: 532755 | NSE: TECHM

01 Sep 2016 Evaluate

Tech Mahindra is currently trading at Rs. 469.30, up by 0.60 points or 0.13% from its previous closing of Rs. 468.70 on the BSE.

The scrip opened at Rs. 469.00 and has touched a high and low of Rs. 476.35 and Rs. 466.75 respectively. So far 55,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 581.95 on 28-Sep-2015 and a 52 week low of Rs. 407.50 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 476.35 and Rs. 448.50 respectively. The current market cap of the company is Rs. 45,601.22 crore.

The promoters holding in the company stood at 36.32%, while Institutions and Non-Institutions held 50.33% and 13.36% respectively.

Tech Mahindra, India’s fifth largest IT services firm is reportedly planning to hive off the employment jobs marketplace - Saral Rozgar - into a separate firm. The company is also scouting for strategic investors, who can invest either partially or acquire the entire stake in the firm.

The company is also exploring avenues like private equity investments, or equity shareholding by the management and employees, among others. Saral Rozgar was incubated by Tech Mahindra in 2012 as value added services provider to telecom operators, and a year later the company became a direct-to-consumer services firm by launching a recharge card.

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.

Tech Mahindra Share Price

1474.05 13.80 (0.95%)

30-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2473.50
Infosys	1181.50
HCL Tech.	1198.95
Wipro	200.65
Tech Mahindra	1474.05
View more..

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