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Tech Mahindra is
currently trading at Rs. 1399.00, up by 24.20 points or 1.76% from its
previous closing of Rs. 1374.80 on the BSE.
The
scrip opened at Rs. 1390.00 and has touched a high and low of Rs.
1409.00 and Rs. 1385.00 respectively. So far 36063 shares were traded on
the counter.
The BSE group 'A' stock of face
value Rs. 10 has touched a 52 week high of Rs. 1428.00 on 30-Aug-2013
and a 52 week low of Rs. 800.55 on 03-Sep-2012.
Last
one week high and low of the scrip stood at Rs. 1428.00 and Rs. 1347.35
respectively. The current market cap of the company is Rs. 32433.31
crore.
The promoters holding in the company stood
at 47.17% while Institutions and Non-Institutions held 42.62% and 10.22%
respectively.
Reserve Bank of India (RBI) has
allowed Tech Mahindra to raise the purchasing limit of equity shares and
convertible debentures by foreign institutional investors (FIIs) in the
company by up to 35% of the paid up capital. As of June quarter 2013,
FIIs had holding of 26.79% in the company, as per data available on the
BSE
The company passed resolutions at the Board of
Directors' level and a special resolution by the shareholders,
approving to enhance the limit for the purchase of its equity shares and
convertible debentures by Foreign Institutional Investors (FIIs),
through primary market and stock exchanges up to 35% of the paid up
capital of the company under Portfolio Investment Scheme.
Tech
Mahindra is a leading provider of solutions and services to the
telecommunications industry with a majority stake owned by Mahindra
& Mahindra.
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