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Tech Mahindra forms JV in Saudi Arabia

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Capital Market
Last Updated : Jul 02 2014 | 11:49 PM IST

To hold 51% in Tech Mahindra Arabia

Tech Mahindra has signed a joint venture agreement with Midad Holding, which is a subsidiary of Al Fozan, a preeminent group with diversified business interests in Saudi Arabia. The joint venture will be called Tech Mahindra Arabia. Tech Mahindra will have 51% ownership while Midad will own 49% stake.

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First Published: Jul 02 2014 | 8:37 PM IST

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