|
Sep 05, 2012, 03.14 PM IST
Tech Mahindra, a solution and services provider to the telecommunications industry, gained another 2% on Wednesday after buying 100% stake in Hutchison Global Services yesterday and making partnership with KPN today.
Tech Mahindra , a solution and services provider to the telecommunications industry, gained another 2% on Wednesday after buying 100% stake in Hutchison Global Services yesterday and making partnership with KPN today.
In a release sent to exchanges, the company said, Royal KPN N V and Tech Mahindra today announced the start of an international partnership in order to further improve KPN's efficiency and effectiveness in its IT environment and operational processes and to jointly address strategic growth areas. Yesterday, Tech Mahindra acquired a 100% stake in Hutchison Global Services for USD 87.1 million. "As part of the deal, the clients of Hutchison Global Services have committed to procure services worth USD 845 million over a 5-year period, and have agreed to Hutchison Global Services being their exclusive provider of certain agreed services in India." At 14:48 hours IST, the share was trading at Rs 839, up 2.20% with volumes of 1,14,760 shares.
Related News Set email alert for Tags: Tech Mahindra
|
Action in Tech Mahindra
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
