Tech Mahindra Ltd.

Tech Mahindra is currently trading at Rs. 1075.00, up by 10.85 points or 1.02 % from its previous closing of Rs. 1064.15 on the BSE.

The scrip opened at Rs. 1074.00 and has touched a high and low of Rs. 1076.00 and Rs. 1068.30 respectively. So far 9958 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1081.35 on 11-Jan-2021 and a 52 week low of Rs. 470.25 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1081.35 and Rs. 983.40 respectively. The current market cap of the company is Rs. 102948.34 crore.

The promoters holding in the company stood at 35.82%, while Institutions and Non-Institutions held 52.36% and 11.82% respectively.

Tech Mahindra has agreed to acquire 100% shareholding of Payments Technology Services. The cost of acquisition is $9 million and the transaction is expected to close by March 31, 2021.

Payments Technology Services was established in March 28, 2007 and is a payments solutions provider with a Banking and Financial Services (BFS) focus and is a step-down subsidiary of FIS. The acquisition will give Tech Mahindra IPs and licenses.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.