Tech Mahindra Ltd.

Emerging Markets Sudan (EMS) Free Equity Index Fund has reportedly bought 27.60 lakh shares or 1.19% stake of Tech Mahindra through the open market route. The shares were purchased on an average price of Rs 1710.24 valuing the transaction to Rs 473.60 crore.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.