Tech Mahindra has received approval for buyback of its own fully paid equity shares of Rs 5 each not exceeding 2,05,85,000 equity shares from the equity shareholders of the company as on March 06, 2019 at a price of Rs 950 per Equity Share, for an aggregate amount not exceeding Rs 1,956 crore. The Board of Directors of the Company at its meeting held on February 21, 2019 has 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.
