Updates
Sub: Sale of Investment in LCC Pakistan (Pvt) Ltd., a step down subsidiary of the Company Pursuant to the Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform that one of the company's step down subsidiary viz., LCC Middle East FZ LLC agreed to sell its 100% shareholding in LCC Pakistan (Pvt) Ltd. to Talkpool AG, Switzerland,today.... Updates
Sub: Circular resolution of Securities Allotment Committee. Pursuant to the provisions of the Listing Agreement, we wish to inform the Stock Exchange of the resolution passed by the Securities Allotment Committee of the Board of Directors of the Company on June 19, 2017 for issue and allotment of a total of 620516 equity shares of Rs. 5/- each of the Company to the applicants Tech Mahindra staffers head to school for reskilling
The IT services giant is reskilling employees through a three-tier internal training programme structure and collaboration with online education companies. Tech Mahindra to hire 1,200 more for Bhubaneswar centre
IT services company Tech Mahindra plans to increase headcount by 1200 more at its Bhubaneswar campus by December this year.Tech Mahindra has about 1100 employees at its Bhubaneswar facility now."The IT company has bagged contracts from Bharti Airtel and Amazon to start BPO services at the city campus. They have started hiring", said a senior government official. Tech Mahindra is expected to complete the process by end of this year, he added.Meanwhile, the IT firm has started work on its second development block within the city campus. It plans to set up its third development block shortly.In December 2014, the company had inaugurated a new block at its existing campus to house 615 more IT professionals taking the total headcount in the state to 1,111. The new block was built at a cost of Rs 55 crore.Earlier, Tech Mahindra had announced to scale up headcount at its Bhubaneswar centre to 5,000. This included professionals for IT and ITes (IT enabled services) jobs. The IT company has . Updates
Sub: Circular resolution of Securities Allotment Committee. Pursuant to the provisions of the Listing Agreement, we wish to inform the Stock Exchange of the resolution passed by the Securities Allotment Committee of the Board of Directors of the Company on June 12, 2017 for issue and allotment of a total of 82440 equity shares of Rs. 5/- each of the Company to the applicants Updates
Schedule of Investor Interactions with Tech Mahindra's Leadership Date Conference Venue 7th June 2017 B&K; Annual Investor Conference Mumbai Fixes Book Closure for Dividend & A G M
Tech Mahindra Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 29, 2017 to August 01, 2017 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company. Tech Mahindra Share Price Rises After Monday's Selloff
Shares of Tech Mahindra rose as much as 1.84 per cent to hit intraday high of Rs 386.30 in today's session after Monday's sharp selloff. Broker's call
EquirusTech Mahindra CMP: 379.30Target: 453An offshoot in the Mahindra group, Tech Mahindra is a $4.4 billion company with over 1.17 lakh professionals across 90 countries, helping over 840... Investors punish Tech Mahindra stock on weak performance
> Tech Mahindra saw its stock trade the lowest in nine years on Monday after a disappointing fourth quarter, by reporting operating margins at 12 per cent, the lowest among the top five Indian software exporters. After falling to Rs 356.65, when it acquired Satyam, the stock closed at Rs 379.30 on the Bombay Stock Exchange, down 11.6 per cent as investors sold the company shares on the back of its poor performance. Tech Mahindra saw fourth quarter profits dip by 31 per cent to Rs 588 crore as it saw project cancellations in its communication business amidst restructuring of Lightbridge Communications Corporation (LCC), a US firm it acquired in 2015. Its margin at 12 per cent was the weakest among the top five Indian IT services firms. Tech Mahindra saw revenues grow 8.9 per cent to Rs 7,495 crore in the January to March quarter. "The margin performance has been quite bad and hence the confidence levels are low. We can see a 10 per cent cut on FY19 expected earnings," said...