Tech Mahindra Limited
Tech Mahindra Ltd provides comprehensive range of IT services, including IT enabled service, application development and maintenance, consulting and enterprise business solutions, etc. to a diversified base of corporate customers in a wide range of industries.
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Tech Mahindra, via its wholly-owned subsidiary TMLL, is set to acquire the remaining 20% stake in Tech Mahindra Arabia Limited (TMAL) from joint venture partner Midad Company Limited. Valued at SAR 206.2 million (approx. USD 24.64 million), this acquisition will make TMAL a fully-owned subsidiary. This strategic move is crucial...
Tech Mahindra's subsidiary is acquiring Brazil-based Alyis Serviços Técnicos LTDA for approximately **Rs 2.21 Cr** (BRL 1.2mn) for a **100% stake**. This strategic acquisition strengthens Tech Mahindra's footprint in the LATAM region, specifically to provide seamless IT services and support for Orange Business customers, aligning with an existing partnership. Alyis,...
Tech Mahindra will merge its wholly-owned step-down subsidiaries, Tech Mahindra Costa Rica Sociedad Anonima (TM CRSA) and Allyis Technology Solutions Sociedad de Responsabilidad Limitada (Allyis TSSRL). This strategic move aims to streamline operations, reduce the number of group entities, optimize costs, and lower compliance risk. TM CRSA reported a turnover...
Tech Mahindra, via its subsidiary, has acquired the remaining 20% stake in Tech Mahindra Arabia Limited from Midad Company Limited. The deal, valued at SAR 83.7 million (approx. Rs. 206.2 Cr), increases Tech Mahindra's ownership in its Saudi Arabian subsidiary to 100%. This strategic move grants full control over Tech...
Tech Mahindra has increased its stake in the New Democratic Electoral Trust (NDET) by investing **Rs 0.375 Cr**. This boosts their holding from 19.83% to **49.35%**, making NDET an associate. The move is aimed at ensuring compliance with financial and statutory obligations applicable to the electoral trust. Given the modest...