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Tech Mahindra withdraws insolvency case against RCom: Report

03 Nov 2017 Evaluate

Tech Mahindra has reportedly withdrawn its insolvency case against Reliance Communications (RCom) from the National Company Law Tribunal (NCLT) in favour of a mutual, out-of-court settlement. The company’s withdrawal brought relief for RCom, which is reeling under Rs 45,000 crore debt and is on verge of shutting a major part of its wireless operations.

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

1457.10 -5.95 (-0.41%)
11-May-2026 16:01 View Price Chart
Peers
Company Name CMP
TCS 2392.45
Infosys 1176.80
HCL Tech. 1194.95
Wipro 196.60
Tech Mahindra 1457.10
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