Tech Mahindra withdraws insolvency case against RCom: Report

03 Nov 2017

Tech Mahindra has reportedly withdrawn its insolvency case against Reliance Communications (RCom) from the National Company Law Tribunal (NCLT) in favour of a mutual, out-of-court settlement.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.

Related Tech Mahindra Ltd. Links:

Tech Mahindra Share Price

791.30 0.00 (0.00%) Jan 27, 18:01
1 Year Price Chart
Peers
Company Name CMP
TCS 2168.65
Infosys 777.90
HCL Tech. 604.35
Wipro 245.30
Tech Mahindra 791.30
View more..
Sensex vs Tech Mahindra
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463