On June 27, Tech Mahindra was trading flat after it mentioned that its step-down subsidiary, LCC France SARL, had accepted a proposal to divest its 49% stake in SARL Djazatech with its wholly owned subsidiary EURL LCCUK Algerie.
The stake sale is probable to be accomplished by July 10, 2023.

Earlier, the tech company’s subsidiary Comviva Technologies Limited and its stepped-down subsidiary, Comviva Technologies BV, approved to sell 0.04% and 99.96% shareholding in Comviva Technologies do Brasil Indústria and Comércio, Importação e Exportação Limited on or before August 31, 2023.

The company also stated exchanges that the business’s 36th Annual General Meeting (AGM) is scheduled on July 27.
At 9.24 am, Tech Mahindra was trading at Rs 1,110.80, down 0.16% from the earlier close on the BSE.

The share moved a 52-week high of Rs 1,165.75 on September 12, 2022, and a 52-week low of Rs 965.00 on July 15, 2022.
It trades 4.71% below its 52-week high and 15.11% above its 52-week low.