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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.

Tech Mahindra Share Price

1511.85 20.95 (1.41%)
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Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
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Tech Mahindra 1511.85
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