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Tech Mahindra Ltd (TEML.NS)

TEML.NS on National Stock Exchange of India

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Rs8.85 (+2.33%)
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Latest Key Developments (Source: Significant Developments)

India's Tech Mahindra March-qtr consol profit falls about 33 pct
Friday, 26 May 2017 06:44am EDT 

May 26 (Reuters) - Tech Mahindra Ltd :March quarter consol profit after tax 5.90 billion rupees.March quarter consol total reveunue 77.33 billion rupees.Tech Mahindra Ltd consensus forecast for March quarter net profit was 7.83 billion rupees.Recommended dividend of 9 rupees per share.Consol profit after tax in March quarter last year was 8.76 billion rupees as per Ind-AS; consol total revenue was INR 70.39 billion.Says total headcount as of Mar 31 at 117693.  Full Article

Tech Mahindra, Huawei Enterprise Business Group sign global partnership agreement
Friday, 17 Mar 2017 02:30am EDT 

Tech Mahindra Ltd : Says Tech Mahindra to take Huawei Enterprise Products to global markets . Says Tech Mahindra will market Huawei’s enterprise products and services across 44 countries including India . Says alliance would also involve launching a joint go-to-market strategy .Co to take Huawei’S Enterprise products and services, and build solutions around various platforms and solutions of Tech Mahindra.  Full Article

Tech Mahindra unit to buy CJS Solutions Group
Monday, 6 Mar 2017 05:52am EST 

Tech Mahindra Ltd : Board of directors of company today approved proposal to acquire CJS Solutions Group LLC, through its subsidiary company at US . Says closing of the transaction expected to take place before end of april 2017 . Says present enterprise value of deal is $110 million . Acquisition helps scale up healthcare revenue as provider sub vertical is a key element of healthcare and life sciences strategy .Consideration would be cash.  Full Article

Tech Mahindra says FCA approves co's acquisition of Target Group
Tuesday, 23 Aug 2016 01:58am EDT 

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 06:10am EDT 

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
Tuesday, 21 Jun 2016 10:46pm EDT 

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 07:33am EDT 

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

Tech Mahindra March-qtr consol profit up about 90 pct
Tuesday, 24 May 2016 06:14am EDT 

Tech Mahindra Ltd : Recommended dividend of 12 rupees per share . Says March-quarter consol net profit 8.97 billion rupees versus profit of 4.72 billion rupees year ago . India's Tech Mahindra Ltd says March-quarter consol income from operations 68.84 billion rupees versus 61.17 billion rupees year ago . Consensus forecast for March-quarter consol net profit was 7.43 billion rupees .  Full Article

TomTom and Tech Mahindra Collaborate for Connected Car Solutions
Tuesday, 15 Sep 2015 01:30am EDT 

Tech Mahindra Ltd:Announces that they have joined forces, to showcase their full line-up of Advanced Driver Assistance Systems (ADAS) services.Says the partnership will create an innovative portfolio for the Connected Car market, leveraging the specialist knowledge and capabilities within each company.Says TomTom and Tech Mahindra will jointly showcase expert demonstrations and innovative use cases at IAA New Mobility World.  Full Article

RTI Announces Global Services Delivery Collaboration with Tech Mahindra Ltd
Monday, 14 Sep 2015 04:27am EDT 

Tech Mahindra Ltd:Real-Time Innovations announced a global partnership with fellow Industrial Internet Consortium member, Tech Mahindra.  Full Article

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