Tech Mahindra has said that one of the company's step down subsidiary viz., LCC Middle East FZ LLC has agreed to sell its 100 per cent shareholding in LCC Pakistan (Pvt) Ltd. to Talkpool AG, Switzerland for a total consideration of USD 5.2 million.
“The agreement for sale was entered into on 20 June 2017. The expected date for completion of sale is by 31 October 2017,” the company said in a filing to the Bombay Stock Exchange.
Tech Mahindra Limited is an Indian multinational provider of information technology, networking technology solutions and Business Process Outsourcing to the telecommunications industry.
Meanwhile, shares of the company were trading at Rs 396 apiece, up 0.39 per cent from the previous close at 10:05 hours on BSE.