Tech Mahindra Ltd.

Tech Mahindra’s step down subsidiary - LCC Middle East FZ LLC has agreed to sell its 100% shareholding in LCC Pakistan to Talkpool AG, Switzerland. The agreement for sale has been entered on June 20, 2017 and the expected date of completion of sale is October 31, 2017. The total consideration for the sale of shares will be $5.2 million.

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.