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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 2302.00
Infosys 1088.90
HCL Technologies 1329.00
Wipro 171.00
Tech Mahindra 1576.00
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