01-01-1970 12:00 AM | Source: Accord Fintech
Tech Mahindra zooms on partnering with YIT Corporation to drive business transformation
News By Tags | #572 #402

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Tech Mahindra is currently trading at Rs. 1102.15, up by 20.90 points or 1.93% from its previous closing of Rs. 1081.25 on the BSE.

The scrip opened at Rs. 1086.05 and has touched a high and low of Rs. 1105.65 and Rs. 1086.05 respectively. So far 59027 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1537.00 on 30-Mar-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1118.35 and Rs. 1065.20 respectively. The current market cap of the company is Rs. 107019.84 crore.

The promoters holding in the company stood at 35.19%, while Institutions and Non-Institutions held 51.86% and 12.95% respectively.

Tech Mahindra has been selected as a strategic partner for YIT Corporation, the largest Finnish and a significant North European development and construction company. Going forward, Tech Mahindra will provide a significant part of YIT's IT services, harmonising and consolidating the current services to one dedicated supplier. Further, the organisation will support YIT's business transformation journey by optimizing business processes through automated IT operations.

Tech Mahindra will work with YIT to modernize their enterprise IT architecture and system landscape to drive increased efficiencies across its value chain. Tech Mahindra will also run YIT's end-to-end IT operations with a focus on customer centricity and measurable business growth, delivering world-class customer experiences. As part of the partnership, approximately 20 current YIT employees will be transferred to Tech Mahindra on May 1, 2023.

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