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Tech Mahindra to divest 73.38% stake in subsidiary company

19 Aug 2019 Evaluate

Tech Mahindra is all set to divest 73.38% equity investment held by the Company in FixStream Networks Inc., USA, a subsidiary company. The expected date of completion of sale is November 15, 2019. The consideration to be received from sale is $2 million.

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 2435.00
Infosys 1127.10
HCL Technologies 1405.00
Wipro 193.75
Tech Mahindra 1781.70
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