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An update from Tech Mahindra Limited ( (IN:TECHM) ) is now available.
Tech Mahindra has announced the incorporation of Yabx Technologies Uganda Limited as a step-down subsidiary in the Republic of Uganda, through its wholly owned subsidiary Yabx Technologies (Netherlands) B.V., which is itself a subsidiary of Comviva Technologies Limited. Yabx Uganda, with initial share capital of UGX 1.7 million, has been set up to provide software and analytics platform services to clients in Uganda, aligning with Tech Mahindra’s core IT and digital services business and expanding its footprint in the African market, which may enhance its regional service capabilities and support growth in emerging digital economies.
More about Tech Mahindra Limited
Tech Mahindra Limited is a leading Indian information technology company that provides software, digital transformation, and related IT services across global markets. Through its subsidiaries, including Comviva Technologies Limited and Yabx Technologies (Netherlands) B.V., the company focuses on deploying technology platforms and analytics-driven solutions for enterprises and service providers, strengthening its presence in emerging markets.
Average Trading Volume: 102,152
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1580.1B INR
Find detailed analytics on TECHM stock on TipRanks’ Stock Analysis page.