Tech Mahindra’s subsidiary -- Tech Mahindra (Americas) Inc. has approved a proposal to divest its 30% holding in Avion Networks Inc on October 23, 2023. The stake is to be divested for a consideration of $50,000, and the divestment is to be completed on or before October 31, 2023. Tech Mahindra (Americas) Inc (TMA), a wholly owned subsidiary of Tech Mahindra, holds 30% share capital of Avion Networks Inc.
However there is no contribution of Avion in the Turnover or Networth of TMA. Since there was no contribution in terms of turnover or net worth in the consolidated turnover or net worth of the Company from this entity, it was decided to divest Tech Mahindra’s stake in Avion Networks to optimize the compliance cost and risks. This transaction is not a slump sale.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: