Tech Mahindra rises as its arm incorporates step-down subsidiary in Rwanda
Tech Mahindra is currently trading at Rs. 1584.50, up by 14.65 points or 0.93% from its previous closing of Rs. 1569.85 on the BSE.
The scrip opened at Rs. 1582.00 and has touched a high and low of Rs. 1587.50 and Rs. 1571.55 respectively. So far 32951 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1807.40 on 12-Dec-2024 and a 52 week low of Rs. 1209.70 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1587.50 and Rs. 1510.00 respectively. The current market cap of the company is Rs. 155276.21 crore.
The promoters holding in the company stood at 34.98%, while Institutions and Non-Institutions held 55.40% and 9.61% respectively.
Tech Mahindra’s subsidiary -- Comviva Technologies’ wholly owned subsidiary -- Yabx Technologies (Netherlands) B.V. (Yabx Netherlands) has incorporated a step-down subsidiary named ‘Yabx Technologies Rwanda’ (Yabx Rwanda) in the Republic of Rwanda on December 05, 2025. Yabx Rwanda has been incorporated with an objective to provide software and analytic platform related services to clients in Rwanda.
Consequent to the incorporation, Yabx Rwanda has now become a subsidiary and as such a related party of the company.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
