Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1718.10
47.55 (2.85%)
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Tech Mahindra to divest 33% stake in Tech Mahindra South Africa

Date: 13-10-2023

Tech Mahindra is all set to divest 33% shareholding in Tech Mahindra South Africa (Pty) to comply with the local Broad Based Black Economic Empowerment (B-BBEE) guidelines in South Africa. Consideration received/receivables from such sale/disposal is ZAR 23.935 Million. The said transaction is expected to be completed on or before October 31, 2023.

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