TECH NEWS News: Tech Mahindra plans to merge Born Group and Tech Mahindra (Americas) to optimize operations and reduce costs. The merger, effective April 1, 2024, awa
Tech Mahindra to merge Born Group and Tech Mahindra (Americas) for efficiency and risk reduction. Pending approvals. Effective April 1, 2024, no cash or new shares. Synergy in operations, USD 55.08M and USD 1,201.37M turnovers.
Tech Mahindra to merge two US-based subsidiaries financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
According to the filing, the turnover of BORN and TMA for the financial year ended 31st March 2023 is USD 55.08 million and USD 1,201.37 million respectively.
Tech Mahindra to merge its wholly-owned step down subsidiary Born Group with its parent company Tech Mahindra (Americas) Inc as the respective companies have approved the consolidation on Friday i.e. March 22, 2024