Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 2490.00, up by 21.65 points or 0.88% from its previous closing of Rs. 2468.35 on the BSE.

The scrip opened at Rs. 2480.00 and has touched a high and low of Rs. 2502.00 and Rs. 2457.00 respectively. So far 9210 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2521.80 on 05-Sep-2014 and a 52 week low of Rs. 1302.10 on 27-Sep-2013.

Last one week high and low of the scrip stood at Rs. 2512.30 and Rs. 2399.05 respectively. The current market cap of the company is Rs. 58646.27 crore.

The promoters holding in the company stood at 36.15% while Institutions and Non-Institutions held 49.87% and 13.97% respectively.

Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, has been selected by Ahlstrom to manage its Information Technology operations. With the multi-year, multi-million Euro agreement Ahlstrom aims to increase efficiency, harmonize service levels and lower IT costs.

Tech Mahindra and Ahlstrom have signed a letter of agreement at a ceremony in Helsinki, Finland regarding the services to be operated by Tech Mahindra. As a consequence, approximately 50 Ahlstrom IT employees globally are planned to move to Tech Mahindra under a business transfer agreement. The planned transfer is expected to take place on December 1, 2014, subject to country specific conditions.

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.