Tech Mahindra shines on getting nod to make additional investment in NDET
Tech Mahindra is currently trading at Rs. 1715.00, up by 44.45 points or 2.66% from its previous closing of Rs. 1670.55 on the BSE.
The scrip opened at Rs. 1688.10 and has touched a high and low of Rs. 1734.05 and Rs. 1672.60 respectively. So far 81023 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1736.35 on 24-Jan-2025 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. 1734.05 and Rs. 1564.00 respectively. The current market cap of the company is Rs. 169619.15 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 has received approval for an additional investment of Rs 37.5 lakh in New Democratic Electoral Trust (NDET) (Section 8 Company) thereby increasing the shareholding of the Company in NDET from 19.83% to 49.35% of its equity share capital. Upon completion of this transaction, NDET will become an Associate of the company.
The objective of investment is to facilitate compliance with financial requirements and statutory obligations applicable to NDET. The Board of Directors of the company at their Meeting held on January 16, 2026, has approved the same.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
