Announced Mon, 29 Jun · 20:52 IST
Tech Mahindra liquidates dormant Myanmar step-down subsidiary
Strategic Transactions View source PDF
TECHM · price
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Price reaction · full curve 14 horizons · vs prior close
-5.4%1-day move
₹1438.60
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₹1438.00
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AI summary
Tech Mahindra has voluntarily liquidated its step-down wholly-owned subsidiary Leadcom Integrated Solutions Myanmar Company Limited, effective 29 June 2026. The subsidiary had no operations in FY25-26 as it was already under liquidation. Its last reported financials (FY22) showed revenue of about 0.27 crore and net worth of 8.16 crore. No consideration is involved as it is a liquidation, and it is not a related party transaction.
Likely market impact
Negligible financial impact. The subsidiary was dormant and contributed almost nothing to revenue, so this is a routine cleanup with no material effect on shareholders.