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Tech Mahindra gets nod to increase FII limit to 48%

04 Feb 2014 Evaluate

Tech Mahindra has received approval to increase the limit of investment by Foreign Institutional Investors (FIIs) from the existing 45% to 48% of the paid up capital of the Company. The board at its meeting held on February 04, 2014 has approved for the same.

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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