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Tech Mahindra gains on acquiring BORN Group

Tech Mahindra is currently trading at Rs. 761.05, up by 2.40 points or 0.32% from its previous closing of Rs. 758.65 on the BSE.

The scrip opened at Rs. 753.45 and has touched a high and low of Rs. 765.60 and Rs. 753.20 respectively. So far 11080 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 846.00 on 02-May-2019 and a 52 week low of Rs. 607.90 on 31-Jul-2019.

Last one week high and low of the scrip stood at Rs. 772.00 and Rs. 732.50 respectively. The current market cap of the company is Rs. 73737.61 crore.

The promoters holding in the company stood at 35.88%, while Institutions and Non-Institutions held 52.13% and 11.99% respectively.

Tech Mahindra has acquired BORN Group, a leading digital transformation agency with a focus on customer experience and enterprise commerce solutions. The acquisition deepens Tech Mahindra’s global presence and capabilities in end-to-end Digital Customer Experience services including design, transformation and execution.

BORN is the latest acquisition to Tech Mahindra’s portfolio of innovative and strategic digital solution agencies. BORN will continue to operate as an independent entity under the Mahindra Group umbrella and looks forward to continuing their path of success, together.

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.

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