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Tech Mahindra Ltd.
BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1697.15
10.05 (0.60%) Tech Mahindra informs about updates
Date: 22-10-2022Tech Mahindra has informed that the Company has entered into share subscription agreement to acquire 26% equity shares in Upendra Singh Multi Transmission. Tech Mahindra is signatory to Business Ambition for 1.5°C that commits to contain the rise in global in temperature by 1.5°C. Tech Mahindra has adopted a climate action plan that provides a roadmap for the organization to become Net Zero before 2040. While we have installed rooftop Solar plants at all our owned campuses, we also plan to procure Renewable Energy (RE) through captive projects at all our owned campuses. Captive or Group captive projects are projects set up by a developer with a minimum equity contribution of 26% from interested consumers (viz. Tech Mahindra) and the RE generated from such projects is consumed by Tech Mahindra as per government norms. In this regard, please find enclosed herewith, Disclosure containing the details pursuant to Regulation 30(6) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 as Annexure I.
The above information is a part of company’s filings submitted to BSE.