At meeting held on 30 January 2015
Tech Mahindra announced that the Board of Directors of the Company at its meeting held on 30 January 2015, inter alia, has considered and approved for issue of ONE bonus equity share for every ONE equity share and also approved the Stock Split of Equity Shares from the existing face value of Rs. 10/- per Equity Share to Rs. 5/- per Equity Share, held as on a Record Date to be determined.The Board approved the issuance of bonus shares and Stock Split in order to increase the liquidity of its shares.
The bonus issue and Stock Split of equity shares will be subject to approval by the shareholders, through a Postal Ballot & E-Voting, and other applicable statutory and regulatory approvals, if any.
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