Tech Mahindra Acquires Remaining 20% Stake in Saudi Subsidiary from Midad

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Tech Mahindra to Acquire Remaining 20% Stake in Saudi Subsidiary for ₹206 Crore

Tech Mahindra to Acquire Remaining 20% Stake in Saudi Subsidiary for ₹206 Crore

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CNBC TV18•17-03-2026, 17:58

Tech Mahindra to Acquire Remaining 20% Stake in Saudi Subsidiary for ₹206 Crore

•Tech Mahindra's subsidiary, TMLL, will acquire the remaining 20% equity shares in Tech Mahindra Arabia Ltd from Midad Company Ltd.
•The acquisition is valued at SAR 83.7 million (approximately ₹206.2 crore) in cash consideration.
•Upon completion, Tech Mahindra and TMLL will hold 100% shareholding in Tech Mahindra Arabia Limited.
•The deal is expected to finalize by July 15, 2026, pending regulatory approval in Saudi Arabia.
•Tech Mahindra Arabia provides digital system integration and consulting services in the energy, utilities, banking, and telecom sectors.

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