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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.

Tech Mahindra Share Price

1420.40 -42.45 (-2.90%)
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Company Name CMP
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