Tech Mahindra inches up as its arm agrees to acquire 6.03% stake in VitalTech Holdings

23 Oct 2020 Evaluate

Tech Mahindra is currently trading at Rs. 842.40, up by 4.30 points or 0.51% from its previous closing of Rs. 838.10 on the BSE.

The scrip opened at Rs. 839.00 and has touched a high and low of Rs. 845.35 and Rs. 838.00 respectively.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 887.50 on 08-Oct-2020 and a 52 week low of Rs. 470.25 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 857.40 and Rs. 817.40 respectively. The current market cap of the company is Rs. 81029.51 crore.

The promoters holding in the company stood at 35.82%, while Institutions and Non-Institutions held 52.36% and 11.82% respectively.

Tech Mahindra’s wholly owned subsidiary -- Tech Mahindra (Americas), Inc. has agreed to acquire 6.03% equity shares in VitalTech Holdings, Inc. It will strengthen company’s existing Healthcare IT services business and help company’s healthcare customers in their digital transformation journey. The cost of acquisition is $3 million and the company has the option to invest an additional amount of up to $5 million till January 2021.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise

Tech Mahindra Share Price

1309.10 119.00 (10.00%)
26-Apr-2024 09:28 View Price Chart
Peers
Company Name CMP
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Tech Mahindra 1309.10
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