06-03-2022 11:27 AM | Source: Accord Fintech
Tech Mahindra jumps on partnering with Avarn Security
News By Tags | #409 #572 #402

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Tech Mahindra is currently trading at Rs. 1161.40, up by 15.25 points or 1.33% from its previous closing of Rs. 1146.15 on the BSE.

The scrip opened at Rs. 1159.10 and has touched a high and low of Rs. 1181.95 and Rs. 1158.50 respectively. So far 84630 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 1006.80 on 03-Jun-2021.

Last one week high and low of the scrip stood at Rs. 1196.65 and Rs. 1132.00 respectively. The current market cap of the company is Rs. 113239.29 crore.

The promoters holding in the company stood at 35.26%, while Institutions and Non-Institutions held 52.49% and 12.25% respectively.

Tech Mahindra has entered into a partnership with Avarn Security, a leading security group in Nordics region. Tech Mahindra will be an end-to-end IT services partner to Avarn’s technology driven operations & Digital transformation.

As Avarn embarks on a digital transformation journey, Tech Mahindra will transform their current operating models across Finance and Accounting (F&A), Human Resource Services (HR), and Information Technology (IT) to support and deliver a complete technology services revamp. The partnership will enable Avarn to deepen its focus on customer centricity and become a fully digital led enterprise.

Through this partnership, Tech Mahindra will onboard close to 100 new associates from Avarn which will further sharply increase Tech Mahindra’s native resource presence in Nordics and help establish a niche in the security industry. Tech Mahindra will invest in upskilling and reskilling of the new workforce to continue its commitment of being future-ready.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.