Tech Mahindra to divest 73.38% stake in subsidiary company
19th Aug 2019

Tech Mahindra is all set to divest 73.38% equity investment held by the Company in FixStream Networks Inc., USA, a subsidiary company. The expected date of completion of sale is November 15, 2019. The consideration to be received from sale is $2 million.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.