Tech Mahindra Limited — JV/Acquisition, 23-01-2025: Amalgamation/Merger

Tech Mahindra has completed the merger by absorption of its wholly-owned subsidiaries: Perigord Premedia (India) Private Limited, Perigord Data Solutions (India) Private Limited, Tech Mahindra Cerium Private Limited, and Thirdware Solution Limited. This merger will streamline operations and consolidate resources, enhancing efficiency and fostering economies of scale. The entire assets and liabilities of the absorbed companies will be transferred to Tech Mahindra at their carrying values, with no issuance of new shares. This restructuring is expected to unlock shareholder value and optimize administrative functions, ultimately benefiting the combined entity's operational performance.