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EMS Free Equity Index Fund buys 27.60 lakh shares of Tech Mahindra: Report

27 Nov 2013 Evaluate

Emerging Markets Sudan (EMS) Free Equity Index Fund has reportedly bought 27.60 lakh shares or 1.19% stake of Tech Mahindra through the open market route. The shares were purchased on an average price of Rs 1710.24 valuing the transaction to Rs 473.60 crore.

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.

Peers
Company Name CMP
TCS 2502.60
Infosys 1146.00
HCL Technologies 1437.00
Wipro 197.60
Tech Mahindra 1788.00
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