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Tech Mahindra Ltd.
BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1743.30
-24.50 (-1.39%) Tech Mahindra to merge its two subsidiaries with itself
Date: 22-05-2019Tech Mahindra has received an approval for the merger by absorption of Tech Mahindra Growth Factories and Dynacommerce India with the company and their respective Shareholders. The Board of Directors of the company at their meeting held on May 21, 2019, considered and approved the same.
Tech Mahindra Growth Factories and Dynacommerce India are Wholly Owned Subsidiaries of Tech Mahindra.
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.