Software major Tech Mahindra announced the divestment of 73.38 per cent stake in its subsidiary FixStream Networks Inc to US-based Resolve Systems LLC for $2 million (approx Rs 14.22 crore). The company said consideration received from this divestment is $2 million for the equity held by the company, subject to necessary adjustments.
Tech Mahindra sells 73.38% stake in arm to US-based Resolve Systems for $2 mn
Date posted: Monday 19 August 2019