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Tech Mahindra
Tech Mahindra
Posted by :
zoombusinessTracked by: 0 Boarder
Buyout private equity giant Kohlberg Kravis Roberts & Co (KKR) is chasing probably its first pure-play India deal, eyeing BT’s stake in the Indian telecom services company Tech Mahindra, sources close to the development said. KKR is preparing a potential bid, even as four other global PE peers — Apax Partners, Texas Pacific Group, Temasek and Carlyle — have also shown early interest in a formal process which will start in 10 days. BT is putting an over-$800 million tag on its 31% stake, valuing Tech Mahindra at nearly $3 billion. The current market cap of the company is around $2.2 billion.
The Tech Mahindra, with a focus on the telecom vertical, is a joint venture between BT and Mahindra & Mahindra, with latter owning 44.25%. The company reported a revenue of $934.7 million during FY08, a 44% year-on-year growth. It employs some 24,000 workers.-et...
Kohlberg Kravis Roberts & Co is eyeing BT stake in Tech Mahindra
Posted by : 9975797577Tracked by: 0 Boarder
Kohlberg Kravis Roberts & Co is eyeing BT stake in the
company.
...
Buy Tech Mahindra
Posted by : zoombusinessTracked by: 0 Boarder
Buy Tech mahindra...............
Infosys to pickup stake in Tech Mahindra
Posted by : GuestTracked by: 0 Boarder
Infosys getting in to Tech M looks difficult. BT has taken away business from Infosys and have distributed betwen TechM and HCL. What business benefit Infosys will have when 65% of Tech M business is BT driven and BT is getting in to financial crunch. BT is just collecting money from all the sources and commiting long term business which does not exist. BT needs lot of money to gear up for 2012 olympics. From where BT will get this money? Last two years Tech M has paid around 1000 crores. If BT sales off 31% at 900 its a huge amount - around 2700 crores plus. Infosys getting in to this mess is unlikely. BT may sale its stake to multiple groups. Keep one thing in mind Mahindra is still mejority stake holder. Actually Mahindra wanted to exit but that could't happen and now BT wants to get out. The Best option is both of them should sale off.......
In reply to:
Infosys to pickup stake in Tech Mahindra
Posted by :
jilluvijay
Stop all that crap about salary hikes (even if were to be paid 1cr p.m you will have something to crib about ur co & its natural...stop cribbing and learn how to smartly multiply ur money). Here I have some real hot news for you folks.
An NDTV profit news:
Infosys has the cash and British Telecom wants to cash out of its Indian partner Tech Mahindra. The buzz is that the Indian IT major has been offered BT's 31 per cent stake in Tech Mahindra.
The buyout could make ample sense as BT is the biggest client for Infosys with business of nearly $380 million but lately tech Mahindra has been taking bites out of this pie causing much heartburn in Infosys which may look to hit back by picking up a stake in its rival.
Industry sources say BT is expecting too much in terms of valuation almost Rs 900 per share of Tech Mahindra as compared to the current price of about Rs 750 given that Tech Mahindra is heavily dependent on BT and another investor AT & T for revenues.
BT is facing a severe cash crunch in its global operations and exiting its non core businesses is only a matter of time whether the exit is complete or partial and if the stake will be sold to one party or more are questions that analysts are debating.
When contacted Tech Mahindra denied any such possibility and Infosys is calling the news speculative but NDTV has learnt that while no banker has been given a formal mandate yet feelers are certainly being sent out. 
Infosys to pickup stake in Tech Mahindra
Posted by : jilluvijayTracked by: 0 Boarder
Stop all that crap about salary hikes (even if were to be paid 1cr p.m you will have something to crib about ur co & its natural...stop cribbing and learn how to smartly multiply ur money). Here I have some real hot news for you folks.
An NDTV profit news:
Infosys has the cash and British Telecom wants to cash out of its Indian partner Tech Mahindra. The buzz is that the Indian IT major has been offered BT's 31 per cent stake in Tech Mahindra.
The buyout could make ample sense as BT is the biggest client for Infosys with business of nearly $380 million but lately tech Mahindra has been taking bites out of this pie causing much heartburn in Infosys which may look to hit back by picking up a stake in its rival.
Industry sources say BT is expecting too much in terms of valuation almost Rs 900 per share of Tech Mahindra as compared to the current price of about Rs 750 given that Tech Mahindra is heavily dependent on BT and another investor AT & T for revenues.
BT is facing a severe cash crunch in its global operations and exiting its non core businesses is only a matter of time whether the exit is complete or partial and if the stake will be sold to one party or more are questions that analysts are debating.
When contacted Tech Mahindra denied any such possibility and Infosys is calling the news speculative but NDTV has learnt that while no banker has been given a formal mandate yet feelers are certainly being sent out....
TECHMAHINDRA
Posted by : nidhivishal121Tracked by: 0 Boarder
what is the fate of this stock in near as well as long term...
The WORST paying Company in IT sector
Posted by : GuestTracked by: 1 Boarder
Like machines run production / mechanical companies the same way employees run the IT company . If there is a fire in ONGC manufacturing unit the production is affected & share prices can fall . Likewise if there is employee related issue the share prices still can be shaking & affect a normal investor. Tech M recently hike the wages by a very marginal amout for which the arears have not settled down . Still the top management said int he Q1 result that the dollars rise was supress by pay increase. Can this be a fake management giving fake news to investor ? Also agree that this can be similar to situation across other IT companies but certainly a valid point to be reported to the investors.
Thanks !
A Investor...
In reply to:
Infosys to pickup stake in Tech Mahindra
Posted by : jilluvijay
Stop all that crap about salary hikes (even if were to be paid 1cr p.m you will have something to crib about ur co & its natural...stop cribbing and learn how to smartly multiply ur money). Here I have some real hot news for you folks.
An NDTV profit news:
Infosys has the cash and British Telecom wants to cash out of its Indian partner Tech Mahindra. The buzz is that the Indian IT major has been offered BT's 31 per cent stake in Tech Mahindra.
The buyout could make ample sense as BT is the biggest client for Infosys with business of nearly $380 million but lately tech Mahindra has been taking bites out of this pie causing much heartburn in Infosys which may look to hit back by picking up a stake in its rival.
Industry sources say BT is expecting too much in terms of valuation almost Rs 900 per share of Tech Mahindra as compared to the current price of about Rs 750 given that Tech Mahindra is heavily dependent on BT and another investor AT & T for revenues.
BT is facing a severe cash crunch in its global operations and exiting its non core businesses is only a matter of time whether the exit is complete or partial and if the stake will be sold to one party or more are questions that analysts are debating.
When contacted Tech Mahindra denied any such possibility and Infosys is calling the news speculative but NDTV has learnt that while no banker has been given a formal mandate yet feelers are certainly being sent out.
The WORST paying Company in IT sector
Posted by : GuestTracked by: 1 Boarder
What is the issue - only a crib on salary? ...
In reply to:
Infosys to pickup stake in Tech Mahindra
Posted by : jilluvijay
Stop all that crap about salary hikes (even if were to be paid 1cr p.m you will have something to crib about ur co & its natural...stop cribbing and learn how to smartly multiply ur money). Here I have some real hot news for you folks.
An NDTV profit news:
Infosys has the cash and British Telecom wants to cash out of its Indian partner Tech Mahindra. The buzz is that the Indian IT major has been offered BT's 31 per cent stake in Tech Mahindra.
The buyout could make ample sense as BT is the biggest client for Infosys with business of nearly $380 million but lately tech Mahindra has been taking bites out of this pie causing much heartburn in Infosys which may look to hit back by picking up a stake in its rival.
Industry sources say BT is expecting too much in terms of valuation almost Rs 900 per share of Tech Mahindra as compared to the current price of about Rs 750 given that Tech Mahindra is heavily dependent on BT and another investor AT & T for revenues.
BT is facing a severe cash crunch in its global operations and exiting its non core businesses is only a matter of time whether the exit is complete or partial and if the stake will be sold to one party or more are questions that analysts are debating.
When contacted Tech Mahindra denied any such possibility and Infosys is calling the news speculative but NDTV has learnt that while no banker has been given a formal mandate yet feelers are certainly being sent out.
NSE Announcements on Tech Mahindra
Posted by : MMB MessengerTracked by: 0 Boarder
News Verification : The media had reports that BT may sell all or part of its 31% stake in the company. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Tech Mahindra Limited has vide its letter inter-alia stated, "We wish to clarify that the media reports are speculative in nature. We are not aware of any decision by British Telecommunications plc. or any other shareholder, regarding sale of their stake in the Company."...
BSE Announcements on Tech Mahindra
Posted by : MMB MessengerTracked by: 0 Boarder
With reference to the news item appearing in a leading financial daily titled "BT may end Tech Mahindra call", Tech Mahindra Ltd has clarified to BSE that the above reports are speculative in nature. The Company is not aware of any decision by British Telecommunication plc. or any other shareholder, regarding sale of their stake in the Company....
BT exiting tech mahindra - FT
Posted by : GuestTracked by: 0 Boarder
If they are selling then somebody is Buying. BT is taking huge premium and i am sure companies are queing up to buy stake.
Think why would somebody announce if they have not found a buyer????...
In reply to:
BT exiting tech mahindra - FT
Posted by : Guest
BT is considering the sale of its 31 per cent stake in Tech Mahindra, the India-listed software services firm, having decided that the holding does not fit its long-term strategy.
The UK telecoms company is keen to sell all or a large part of its stake in the joint venture, which has a market capitalisation of about .2bn, according to people with knowledge of the situation.
How will this impact stock prices?
BT exiting tech mahindra - FT
Posted by : GuestTracked by: 0 Boarder
BT is considering the sale of its 31 per cent stake in Tech Mahindra, the India-listed software services firm, having decided that the holding does not fit its long-term strategy.
The UK telecoms company is keen to sell all or a large part of its stake in the joint venture, which has a market capitalisation of about .2bn, according to people with knowledge of the situation.
How will this impact stock prices?...
underpaid
Posted by :
jeet_597Tracked by: 0 Boarder
Hey Guest, it's attrition and not alteration as written by you.I completely changes the meaning. Now I know why you are unhappy with Tech Mahindra.
Jeet...
In reply to:
underpaid
Posted by : Guest
Highly Skilled Siebel Prof. are available on TechM.
TechM is least bothered about alteration - 5000 Freshers are there on board.
TechM Pays 2.5 to 3.4 lakhs for 2 Year Exp resources where Infy, IBM, Sathyam etc is offering 5 + Lakhs.
www.multibaggerstockadvisor.blogspot.com
Posted by : GuestTracked by: 0 Boarder
technology sector is the most beaten sector in past few years and has under performed. whats the future ahead and how should and where should we trade in? must be known by such a experienced guy on above lenk...
underpaid
Posted by : GuestTracked by: 0 Boarder
Highly Skilled Siebel Prof. are available on TechM.
TechM is least bothered about alteration - 5000 Freshers are there on board.
TechM Pays 2.5 to 3.4 lakhs for 2 Year Exp resources where Infy, IBM, Sathyam etc is offering 5 + Lakhs....
In reply to:
underpaid
Posted by : jeet_597
No, I was just concerned at so many of them writing. I am sure the company is capable of handling this situation well.
I am an HR consultant myself.
Jeet
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