Tech Mahindra has allotted 89,170 equity shares under ESOP on 18 December 2024. With this allotment, the paid up equity share capital has increased to 978,787,074 equity shares of Rs 5 each. Powered by Capital Market - Live News

Tech Mahindra announced that the plan of merger of Eventus Solutions Group, LLC, wholly-owned step-down subsidiary of the Company with its parent company viz. Tech Mahindra (Americas) Inc., wholly-owned material subsidiary of the Company, has been approved by the Board of Directors of the respective companies on 10 December 2024. The merger is subject to regulatory approvals in the country of incorporation. The appointed date of merger is 01 January 2025.Powered by Capital Market - Live News

Tech Mahindra has allotted 76,650 equity shares under ESOP on 02 December 2024. With this allotment, the paid up equity share capital has increased to 978,697,904 equity shares of Rs 5 each. Powered by Capital Market - Live News

Tech Mahindra announced that the Board of Directors of the Company at its meeting held on 19 October 2024, has recommended a Interim dividend of Rs.15 per share (i.e.300%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Tech Mahindra rose 153.11% to Rs 1250.10 crore in the quarter ended September 2024 as against Rs 493.90 crore during the previous quarter ended September 2023. Sales rose 3.49% to Rs 13313.20 crore in the quarter ended September 2024 as against Rs 12863.90 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales13313.2012863.90 3 OPM %13.157.11 - PBDT2183.301081.00 102 PBT1713.50615.30 178 NP1250.10493.90 153 Powered by Capital Market - Live News