Tech Mahindra is all set to divest 33% shareholding in Tech Mahindra South Africa (Pty) to comply with the local Broad Based Black Economic Empowerment (B-BBEE) guidelines in South Africa. Consideration received/receivables from such sale/disposal is ZAR 23.935 Million. The said transaction is expected to be completed on or before October 31, 2023.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
