For Rs 30 crore, Tech Mahindra buys its two joint ventures in South Africa

For around Rs 30 crore, Tech Mahindra claimed to have purchased the full interests in its two South African joint ventures, Tech Mahindra South (Pty) Limited and Tech Mahindra Holdco Pty Ltd.

According to a BSE filing, the business would buy its joint venture partner Falcorp Technologies' 49% investment in Tech Mahindra South (Pty) and its 49% stake in Mahindra Holdco Pty Ltd.

According to the filing, Tech Mahindra has bought an instant share in these two companies for a cash payment of 62 million South African Rand, or around Rs 29.69 crore.