Tech Mahindra Ltd Share Price – NSE  / BSE

IT - Software, Mid Cap

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.

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Tech Mahindra Ltd fell 0.78% today to trade at Rs 1782.45. The BSE Teck index is down 0.29% to quote at 20618.37. The index is up 7.84 % over last one month. Among the other constituents of the index, Tata Teleservices (Maharashtra) Ltd decreased 0.57% and Infosys Ltd lost 0.41% on the day. The BSE Teck index went up 28.76 % over last one year compared to the 14.71% surge in benchmark SENSEX.

Tech Mahindra Ltd has added 5.68% over last one month compared to 7.84% gain in BSE Teck index and 5.7% rise in the SENSEX. On the BSE, 832 shares were traded in the counter so far compared with average daily volumes of 65261 shares in the past one month. The stock hit a record high of Rs 1807.4 on 12 Dec 2024. The stock hit a 52-week low of Rs 1163.7 on 19 Apr 2024.

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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.

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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.

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