Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1719.90
4.25 (0.25%)
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Tech Mahindra completes acquisition of 76.06% stake in Pininfarina through SPV

Date: 31-05-2016

Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, has concluded the acquisition of 76.06% stake in Pininfarina S.p.A (Pininfarina) through Special Purpose Vehicle (SPV). Tech Mahindra holds 60% in the said SPV while Mahindra & Mahindra holds the remaining 40% stake in SPV.

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.