
Tech Mahindra shares fall 4% post Q3 results: here’s why
Tech Mahindra share price declined 3.8% to hit an intraday low of ₹996.40 on the BSE, while it shed 6% in a week.
Tech Mahindra share price declined 3.8% to hit an intraday low of ₹996.40 on the BSE, while it shed 6% in a week.
As per the agreement, the merger will be a share swap deal at a ratio of 73 shares of LTI for every 100 shares of Mindtree.
The maximum buyback size is 14.84% and 13.31% of the aggregate of the total paid-up share capital and free reserves of the company.
The company’s revenue from operations surged 31.5% at ₹3,400.4 crore, compared to ₹2,586 crore in the same period last year.
Infosys will announce its June to September quarterly earnings results on October 13.
TCS share price dropped 4.6% to hit a low of ₹3,116.40 levels after it reported lower-than-expected earnings for the first quarter ended June 2022.