A leading provider of digital transformation, consulting, and business re-engineering solutions, Tech Mahindra has announced the allotment of shares worth Rs 7,58,450 as employee stock options through an exchange filing.
1,51,690 equity shares worth Rs 5 each will be divided under 2 schemes- ESOP 2014 and ESOP 2018. The total number of shares issued after this new issue is 973,778,993, which is worth Rs 4,868,894,665.
Earlier this month, Airtel and Tech Mahindra announced a strategic partnership under which they have deployed a’5G for Enterprise” solution at Mahindra’s Chakan manufacturing facility, making it India’s first 5G enabled Auto manufacturing unit.
The ‘5G for Business’ solution has significantly enhanced Chakan’s network connectivity which has resulted in improved speeds for software flashing, a critical operation for all vehicular dispatches. Blazing hi-speeds and ultra-low latency now allow managers to undertake multiple software flashing sessions in parallel, which has resulted in reduced turn-around time for an operation.
Manish Vyas, President, Communications, Media and Entertainment Business, and CEO, Network Services, Tech Mahindra said, ”5G roll-out has revolutionized the world of internet, ushering a new era of connectivity, communication, and collaboration. Our collaboration with Airtel is aimed at enhancing customer experience through digitally powered new-age platforms and solutions. We are confident that this partnership will help unlock opportunities across industries to improve productivity, drive intelligent network-led enterprise digitalization, and spur innovation.”
Further, the computerized vision-based inspection is now fully automated resulting in improved paint quality. Airtel is spearheading 5G deployment in India. The company has been testing use cases and spectrum delivery with multiple partners and at several locations as a part of its #5GforBusiness offerings.
Tech Mahindra is a USD 6.0 billion company with 151,100+ professionals across 90 countries, helping 1224 global customers including Fortune 500 companies.
