Tech Mahindra gets nod for Scheme of Amalgamation

13 Jun 2013

Tech Mahindra has received an approval from Andhra Pradesh High Court on June 11, 2013 for Scheme of Amalgamation and Arrangement pursuant to provisions of Sections 391 to 394 read with Sections 78, 100 to 104 and other applicable provisions of the Companies Act, 1956.

As intimated earlier, High Court of Judicature at Bombay had vide its order dated September 28, 2012 approved the Scheme subject to approval of the Hon’ble Andhra Pradesh High Court. The appointed date of the Scheme is April 01, 2011.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra.

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