MOICML is a whole -owned subsidiary of Mahindra and Mahindra Limited (M&M).
The GBP receives 100 per cent shareholding in MRUK for cash consideration of GBP 1.2 million (about Rs 13.5 crore) in the deal, run by the stock purchase agreement.
Upon completion, the MRUK will be a whole -owned subsidiary of TML and, by extension, Tech Mahindra Ltd.
Tech Mahindra said it looks as an opportunity to diversify the editing in a new business way, such as sports events, professional league and data -based engineering applications, while its brand also increases visibility.
Participating in programs organized by the MRUK FIA in the UK in 2014, the Electric World Championship Racing Industry is engaged in the formula. The company spent Rs. 357.56 crore operations and a net worth of 40.56 crore.
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