/ Tech Mahindra Agreed To Sell 100% Stake In LCC Pakistan ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 21 June 2017

On Wednesday, Tech Mahindra announced that its step down subsidiary LCC Middle East FZ LLC has agreed to sell its 100% shareholding in LCC Pakistan Pvt Ltd to Talkpool AG, Switzerland. The Talkpool AG delivers a range of network design, implementation, engineering and managed services designs.

The expected date of completion is 31 October 2017 with 5.2 USD millions as a total consideration. The share of a Tech Mahindra on NSE was trading at Rs 394/share higher by Rs 0.8/share or 0.22%, and had a current market cap is Rs 38445.34cr. To have a 287702 (NSE+BSE) share were traded on the counter.

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