Tech Mahindra — Capital/Financing Update 2018

Aug 23, 2018

Tech mahlndra

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August 22, 2018

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To BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Exchange Plaza. 5th floor. MUMBAI - 400 001 Plot No. - C/1, G I3lock, Scrip Code : 532755 Bandra-Kurla Complex, Bandra (E) MUMBAI - 400 051 NSE Symbol : TECHM

Sub: Approval of proposal for acquisition of Shareholding in Inter-Informatics spol. s.r.o. through a Wholly Owned Subsidiary of the Company.

Dear Sir,

Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to infom1 that the Investment Committee of the Board of Directors of the Company has approved the proposal to acquire l 00% shareholding on a fully diluted basis in Inter-Informatics spol. s.r.o., an entity based in the Czech Republic through its Wholly Owned Subsidiary i.e. Mahindra Engineering Services (Europe) Limited.

In this regard, please find enclosed herewith, Disclosure containing the details pursuant to Regulation 30(6) of the SEBI (Listing Obligations and & Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 as Annexurc I.

This is for your information and record.

Thanking you,

For Tech Mahindra Limited

�J7f' Anil Khatri Company Secretary Encl : J\s above

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Sr.	Items for Disclosure		Description
No.
1	Name of the target entity, details in		--Inter-Informatics spol. s.r.o. is the target entity. In CYl 7,
	brief such as size, turnover, etc.		thecompanyreportedrevenue of	US$10.7mn.	The
			companyhaspresenceintheCzechRepublic		and
			Romania.
2	Whether the transaction would	fall	No
	within related party transaction(s)
	andwhetherthepromoter/
	promoter group/ group companies
	have any interest in the entity being
	acquired? If yes, nature of interest
	and details thereof and whether	the
	same is done at "arms-length"
					-
3	Industry to which the entity being		The company is an engineering services company		with
	acquired belongs		clients primarily in three industries -Aerospace, Rail and
			Machinery.
4	Objects and effects of acquisition		The investment will be done through Mahindra
			Engineering Services (Europe) Limited.
			The Enterprise Value of the deal is EUR 5.4 mn. The		deal
			will bolster company's presence in the	cabin engineering
			space and also provide a highly skilled engineering team
			focused on the Aerospace vertical.
					.-
5	Brief details of any governmental or		None
	regulatory approvals required for
	the acquisition
				-·-
6	Indicativetimeperiod	for	The deal was signed on 22ndAugust,**2018.**Closing is
	completion of the acquisition;		expected by15thSeptember, 2018.
				-----·-

Sr.	Items for Disclosure	Description
No.
7	Nature of consideration - whether	Cash consideration
	cash consideration or share swap
	and details of the same
8	Cost of acquisition or the priceat	EUR 5.4 million.
	which the shares are acquired;
			-
9	Percentage of shareholding/	100% of fully diluted share capital was acquired in	the
	control acquired and/ or number	target entity
	of shares acquired;
10	Brief background about the entity	The acquired entity is a leading provider of Aerospace
	acquiredin terms of products/ line	DesignEngineeringServices.Thecompany	is
	of business acquired, date of	headquartered out of Prague, Czech Republic. There	are
	incorporation, history of last 3years turover, country in whichthe acquired entity has presenceand any other significantinformation (in brief);	around 200 employees with majority based out of CzechRepublic with a small presence in Romania. The companyhad revenues of US$10.7 million in CY17 and US$11.3million in CY16. The three primary lines of business are -Aerospace, Machinery and Rail.