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Tech Mahindra Ltd and Mahindra Engineering Service to merge

Thursday, 28 Nov 2013 11:11pm EST 

Tech Mahindra Ltd:Says that its board of directors and Mahindra Engineering Services, in their respective meetings held on Nov. 29, approved a proposal to merge Mahindra Engineering Services with Tech Mahindra.Says the exchange ratio recommended by the valuers and approved by both the boards is five shares of Tech Mahindra, for every 12 shares of Mahindra Engineering Services. 

Company Quote

10.55 +0.48%
6:25am EDT