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Tech Mahindra expected to increase nearly Rs.1lakhcrore via QIP

Thursday, June 25, 2009 1:23 pm
By ShareGyan.com NewsDesk

Tech Mahindra is expected to increase nearly Rs.1, 000crore through its projected QIP with a purpose of decreasing nearly valued at Rs.500 to Rs.1, 000crore of its remaining debt.
The company’s board has already sanctioned the offer to generate nearly 1.36crore equity shares to institutional investors via private placement or QIP route.
The company is expected to amalgamate with the newly attained Mahindra Satyam in the next couple of years.

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