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Tech Mahindra Ltd (TEML.NS)

TEML.NS on National Stock Exchange of India

584.35INR
16 Feb 2018
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Rs584.35
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Rs631.20
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Rs356.65

Latest Key Developments (Source: Significant Developments)

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

Tech Mahindra says Sept-qtr profit up about 30 pct
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Tech Mahindra Ltd :Says Sept quarter consol profit after tax 8.36 billion rupees - TV ‍​.Says Sept quarter consol revenue 76.06 billion rupees - TV ‍​.Says active client count stood at 885 in Q2, adds 21 active clients Q-o-Q‍​.Sept quarter consol profit 6.45 billion rupees last year; consol revenue from operations 71.67 billion rupees last year.Consensus forecast for Sept quarter consol profit was 7.18 billion rupees.Says software headcount at quarter end stood at 75,587.The profit and revenue alerts were first sourced from TV and later confirmed from a company press release at the National Stock Exchange‍​.  Full Article

Stockmann transfers part of its ict activities to Tech Mahindra
Wednesday, 2 Nov 2016 

Stockmann Oyj Abp : Transfers part of its ICT activities to Tech Mahindra . 33 of Stockmann's current ict employees are planned to transfer to Tech Mahindra on Jan. 1 2017 . Target of planned changes is to reduce Stockmann's ICT costs by about 4 million euros ($4.4 million) annually from 2018 onwards. .Has signed a five-year cooperation agreement with Tech Mahindra to produce part of Stockmann's ICT services.  Full Article

Tech Mahindra says FCA approves co's acquisition of Target Group
Tuesday, 23 Aug 2016 

Tech Mahindra Ltd : Fca approves Tech Mahindra acquisition of target group . Transaction will see current management team remain in business .  Full Article

Tech Mahindra June-qtr profit up about 28 pct
Monday, 1 Aug 2016 

Tech Mahindra Ltd : June-quarter profit 7.97 billion rupees . Consensus forecast for June-quarter consol net profit was 7.34 billion rupees . June-quarter consol income from operations 69.21 billion rupees . Consol profit after tax in June quarter last year was 6.22 billion rupees as per Ind-AS; consol income from operations was 62.94 billion rupees . The profit alert was initially sourced from TV and later confirmed from a release on NSE .  Full Article

Tech Mahindra acquires Bio Agency
Wednesday, 22 Jun 2016 

Tech Mahindra Ltd : Acquisition of a UK company - Tech Mahindra acquires digital change agents®: the bio agency . Consideration is enterprise value of GBP 40 million plus surplus cash not exceeding GBP 5 million as at completion date . Consideration would be cash .  Full Article

Tech Mahindra to buy Target Group
Friday, 27 May 2016 

Tech Mahindra Ltd : To buy target group, valuation is at enterprise value of GBP 112 million plus adjustment for surplus cash of upto GBP 8 million . Tech mahindra -co to pay upto GBP 64 million upfront and 2017 deferrred consideration upto GBP 16.28 million . Will also pay back GBP 17.1 million on account of loan notes at closing .  Full Article

BRIEF-Tech Mahindra, VMware Collaborate for Telco Network and Service Transformation

* TECH MAHINDRA, VMWARE ANNOUNCES COLLABORATION TO JOINTLY DEVELOP, MARKET, AND DELIVER SOLUTIONS TO ACCELERATE NETWORK TRANSFORMATION FOR COMMUNICATION SERVICE PROVIDERS (CSPS)

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