Tech Mahindra share price added nearly 2 percent in early trade on October 16 after the company entered into a joint venture with Sumitomo Corporation, Japan.
The company has executed today a joint venture agreement with M/s Sumitomo Corporation, Japan to provide engineering services to the automotive sector.The proposed joint venture shall have two shareholders with each holding a 50% stake.JV entity will provide Engineering Services to Customers — situated predominantly in Japan as per the terms of the JV Agreement.The company will announce its audited results for the second quarter ended September, 2020 on October 23, 2020
Source- Money Control
Team RYR&Co.
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