Tech Mahindra Ltd.

Tech Mahindra has received approval from its board of directors to acquire 100% stake in Born Group directly and indirectly through its wholly owned subsidiary viz. Tech Mahindra (Singapore). Tech Mahindra (Singapore) will acquire the Indian subsidiary of Born Group -- Born Commerce and all the other legal entities of Born Group.

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.