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Tech Mahindra gets nod for scheme of merger

31 Oct 2018 Evaluate

Tech Mahindra has received an approval for Merger by Absorption of Tech Mahindra Growth Factories (hereinafter collectively referred as the Transferor Company), a wholly owned subsidiary company with itself (the Company or Transferee Company) and their respective Shareholders. The Board of Directors of the company at their meeting held on October 29-30, 2018, approved the same.

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.

Peers
Company Name CMP
TCS 2436.30
Infosys 1120.65
HCL Technologies 1406.30
Wipro 193.20
Tech Mahindra 1773.70
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