Tech Mahindra announces merger of two subsidiaries based in the US

IT services and consultation company Tech Mahindra has announced the merger of two of its wholly-owned subsidiary companies — Born Group and Tech Mahindra Americas (TMA) — to synergize business operations, optimise operational costs, and reduce compliance risk, the company said in a regulatory filing with the Bombay Stock Exchange.

The appointed date of the plan of merger is April 1, 2024.

“A plan of the merger of Born Group Inc, a wholly-owned step-down subsidiary of the company with its parent company – Tech Mahindra Americas (TMA), a wholly-owned material subsidiary of the company, has been approved by the respective companies on March 22,” the announcement said.