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Tech Mahindra Ltd (TEML.NS)

TEML.NS on National Stock Exchange of India

725.55INR
11:28am BST
Change (% chg)

Rs-10.05 (-1.37%)
Prev Close
Rs735.60
Open
Rs722.00
Day's High
Rs731.00
Day's Low
Rs717.85
Volume
4,139,025
Avg. Vol
3,014,773
52-wk High
Rs846.50
52-wk Low
Rs612.40

Latest Key Developments (Source: Significant Developments)

India's Tech Mahindra March-Qtr Consol Profit Falls
Tuesday, 21 May 2019 

May 21 (Reuters) - Tech Mahindra Ltd ::MARCH QUARTER CONSOL NET PROFIT 11.32 BILLION RUPEES VERSUS PROFIT OF 12.22 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL PROFIT WAS 11.67 BILLION RUPEES.MARCH QUARTER CONSOL REVENUE FROM OPERATIONS 88.92 BILLION RUPEES VERSUS 80.55 BILLION RUPEES LAST YEAR.RECOMMENDED DIVIDEND OF 14 RUPEES PER SHARE.APPROVES MERGER OF TECH MAHINDRA GROWTH FACTORIES LTD AND DYNACOMMERCE INDIA PVT LTD WITH CO.  Full Article

Tech Mahindra To Buy 18.1 Pct Stake Each In Infotek Software And Systems, Vitaran Electronics
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Tech Mahindra Ltd ::APPROVED PROPOSAL TO BUY 18.1% STAKE IN INFOTEK SOFTWARE AND SYSTEMS AND VITARAN ELECTRONICS.SAYS DEAL FOR 130 MILLION RUPEES.  Full Article

India's Tech Mahindra Approves Buy Back Of Equity Shares
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Tech Mahindra Ltd ::APPROVES BUY BACK OF EQUITY SHARES FOR AN AGGREGATE AMOUNT NOT EXCEEDING 19.65 BILLION RUPEES.SAYS BUYBACK OF 20.6 MILLION SHARES AT 950 RUPEES PER SHARE.  Full Article

Tech Mahindra Says Application For Approval of Merger of Tech Mahindra Growth Factories & Co Withdrawn
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Tech Mahindra Ltd ::APPLICATION FOR APPROVING PROPOSED MERGER BETWEEN TECH MAHINDRA GROWTH FACTORIES & CO FILED WITH NCLT HAS BEEN WITHDRAWN.  Full Article

Tech Mahindra Says NCLT Sanctions Scheme Of Amalgamation Of Sofgen India Into Co
Friday, 22 Jun 2018 

June 22 (Reuters) - Tech Mahindra Ltd ::SAYS NCLT SANCTIONS SCHEME OF AMALGAMATION OF SOFGEN INDIA PRIVATE LTD INTO CO.  Full Article

Tech Mahindra, VMware Collaborate for Telco Network and Service Transformation
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Tech Mahindra Ltd ::TECH MAHINDRA, VMWARE ANNOUNCES COLLABORATION TO JOINTLY DEVELOP, MARKET, AND DELIVER SOLUTIONS TO ACCELERATE NETWORK TRANSFORMATION FOR COMMUNICATION SERVICE PROVIDERS (CSPS).SAYS COMPANIES WILL COMBINE VMWARE'S 5G AND OPENSTACK READY NETWORK FUNCTIONS VIRTUALIZATION (NFV) PLATFORM WITH TECH MAHINDRA'S NETWORK SERVICES.  Full Article

Tech Mahindra Launches Tech Mahindra NxT In Israel
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Tech Mahindra Ltd ::TECH MAHINDRA LTD ANNOUNCES LAUNCH OF TECH MAHINDRA NXT IN ISRAEL.  Full Article

India's Tech Mahindra Buys Further 32.07 Pct Stake In Comviva Technologies
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Tech Mahindra Ltd ::ACQUIRED FROM BHARTI GROUP FURTHER STAKE OF 22.14 PERCENT FOR CONSIDERATION OF 2.27 BILLION RUPEES.CO IN PROCESS OF BUYING FROM WESTBRIDGE VENTURES II INVESTMENT HOLDINGS, STAKE OF 9.93 PERCENT FOR 1.02 BILLION RUPEES IN CASH.SAYS ACQUISITION OF FURTHER STAKE OF 32.07 PERCENT IN COMVIVA TECHNOLOGIES LTD.SAYS POST DEAL, CO WILL HOLD 99.17 PERCENT STAKE IN COMVIVA TECHNOLOGIES LTD.  Full Article

Tech Mahindra Says SC Rejects ED's SLP Challenging Court's Quashing Of Criminal Proceedings Against Co
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Tech Mahindra Ltd ::UPDATES ON APEX COURT DECISION ON SLP BY ED CHALLENGING ANDHRA PRADESH AND TELANGANA HIGH COURT'S QUASHING OF CRIMINAL PROCEEDINGS AGAINST CO.SAYS ‍SUPREME COURT OF INDIA DISMISSED SLP ON DEC 8​.SAYS "STANDS ABSOLVED OF ANY CRIMINAL LIABILITY FOR ALLEGED MONEY LAUNDERING UNDER PROVISIONS OF PMLA".  Full Article

Tech Mahindra approves merger of wholly-owned unit Sofgen India with co‍​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Tech Mahindra Ltd ::Board approved proposal for amalgamation of wholly-owned unit Sofgen India Pvt Ltd with co‍​.  Full Article

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U.S. work visa caps to squeeze businesses, jobs: India IT lobby group

BENGALURU The United States' plans to cap H1-B work visas, used by Indian IT firms to send employees there, would imply a "further crunch" for businesses to access skilled workforce, industry lobby group Nasscom said on Thursday.

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