Tech Mahindra to sell land, buildings to Mahindra University

20 Aug 2024 Evaluate

Tech Mahindra has received an approval for sale of land admeasuring approximately 103 acres and buildings admeasuring built-up area of approximately 1,261,149 sq. ft situated at Bahadurpally village, Dundigal Gandimaisamma mandal (earlier Quthbullahpur mandal), Medchal-Malkajgiri district (earlier Ranga Reddy district), Hyderabad, Telangana (Property) to Mahindra University, subject to requisite regulatory approvals. A sub-committee of the Board of Directors at its meeting held on August 20, 2024 approved the same. 

Mahindra University is a university established under the Telangana State Private Universities (Establishment and Regulation) Act, 2018 on the land and buildings owned by the Company. Mahindra Educational Institutions, a section 8 wholly-owned subsidiary of the Company is the sponsoring body of Mahindra University. As no business operations of the Company are carried out on the said land and building being sold, the said sale will not have any impact on the business operations of the Company. 

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.


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