Tech Mahindra Limited — JV/Acquisition, 24-04-2025: Amalgamation/Merger

Tech Mahindra has approved a scheme for the merger of its wholly-owned subsidiaries: Zen3 Infosolutions Private Limited, Tech Mahindra Enterprise Services Limited, and Begig Private Limited. The merger aims to streamline operations, reduce compliance costs, and eliminate duplications in activities, which should enhance overall efficiency and resource utilization. The appointed date for the merger is set for April 1, 2025. No new shares will be issued, and existing shares of the subsidiaries will be cancelled without further action. This consolidation is expected to provide operational benefits and better value for shareholders.