Tech Mahindra Ltd.

Tech Mahindra’s step down subsidiary -- LCC France SARL has approved a proposal to divest its 49% holding in SARL Djazatech along with its wholly owned subsidiary EURL LCCUK Algerie on June 25, 2023. There was no contribution in terms of turnover or net worth in the consolidated turnover or net worth of the company from these entities, therefore it was decided to divest to optimize the compliance cost and risks. The said transaction is expected to be completed on July 10, 2023.

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