Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1678.00
-40.10 (-2.33%)
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Tech Mahindra gets nod to acquire additional 29% stake in Tech Mahindra Arabia

Date: 05-05-2023

Tech Mahindra has received approval to acquire additional 29% stake in Tech Mahindra Arabia. The acquisition of additional stake will increase Tech Mahindra’s stake from 51% to 80%. This will help bolster Tech Mahindra’s presence and capabilities as a more serious player in the region. Tech Mahindra will pay total consideration of up to $11.1 million. 

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