Tech Mahindra — Capital/Financing Update 2020

Mar 3, 2020

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Puma 41 1004, Maharashtra. India

Tei. +91 205801 8100 Fax. +91 20 2542 4485

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Registered Office: Gateway Building, Aputlo Sunder ^M mba' ⁴⁰⁰ 001.1nd'a 3rd March, ^{2020 U I I} cm L84EDDMH198E5PLCD4137D

T0, The Manager, The Manager, Listing Department Listing Department Phiroze Jeej eebhoy Towers, Exchange Plaza, 5th floor, Dalal Street, Plot No. — C!1, G Block, Scrip Code : 532755 Mumbai — 400 051

BSE Limited National Stock Exchange of India Limited Mumbai — 400 001 Bandra—Kurla Complex, Bandra (E) NSE Symbol : TECHM

Sub: Sale of Investment in Terra Payment Services (Netherlands) BV along with its subsidiaries, a step down subsidiary of the Company

Dear Sir(s),

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("SEBI Listing Regulations"), we wish to inform that Company's subsidiaxy Comviva Technologies Limited has agreed to sell its 100% shareholding in Terra Payment Services (Netherlands) BV along with its subsidiaries.

The details as required under SEBI Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9'"l September, 2015, for the said divestment is enclosed herewith as 'Annexure 'A'.

This is for your information and record.

Thanking you, For Tech Mahindra Limited

AIMz-i _'

Company Secretary

Encl.: As above

Annexure A

	Tech mahindra
	Annexure	A
Details	under Regulation 30 of the SEBI (Listing Regulations, 2015	Obligations and Disclosure Requirements)
Sr. No.	Items Disclosure for	Description
l.	The Amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year	Terra Payment Services (Netherlands) BV and its subsidiaries as on March 31, 2019, Turnover : USD 2.3 million (0.046% ofTech Mahindra Limited) Net worth : USD (0.21) million (-0.007% of
	Date on which the agreement for sale has been entered into	Tech Mahindra Limited) 2019 September 12,
	The expected date of completion of saleldisposal	March 2020 3,
	Consideration received from such salex'disposal	USD payment Upfront of million 9.0 USD Bonus pay-out upto million 13.8 and agreed threshold milestones) (subj ect to
	and whether any of buyers of Brief the details buyers belong promoterlpromoter the to companies. groupx'group If yes, details thereof	The buyers are EV V Prime Holding 2 1. SLP Partech Africa 2.
		company Prime, 3 limited private under laws of Netherland. incorporated
		Partech, a French limited partnership registered with Paris Register of Commerce and Companies.
	Whether the transaction would fall within	None of the buyers belongs to the PromoterfPromoter's group. No

Tech mahindra

Tech	mahindra
	Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale. For the purpose of this sub-clause, "slump	It is slump sale.
	sale" shall mean the transfer of one or more undertakings, as a result of the sale for a lump sum consideration, without values being assigned to the individual assets and liabilities in such sales. Additional details as it is a Slump Sale:
	a) name ofthe entityfies) forming part of the amalgamationf merger, details in brief such as, size, turnover etc.; b) whether the transaction would fall within	Annexure Details attached in 1 No. a It is not party related transaction.
	related party transactions? If yes, whether the same is done at "arm's length"; c) area ofbusiness ofthe entity(ies);	Annexure attached Details in
	d) rationale;	1 Comviva wanted Technologies Limited to Mobile platform interoperability exit business.
	e) brief details of change in shareholding pattern (if any) of Company.	No change.

Tech
Mahindra

SI.			Annexure 1
No.	Name of entities	Holding entity	Turnover in USD mn	Area of business
	Terra Payment Services Netherlands BV	Comviva Technologies Limited	0.03	Mobile interoperability platform- a B2B transaction processing service for mobile wallet/other modes.
$\overline{2}$	Terra Payment Services Mauritius	Terra Payment Services Netherlands B V	1.73
3	Terra Payment Services Botswana Pty Limited	Terra Payment Services Netherlands B V	$\mathbf{0}$
4	Terra Payment Services UK Limited	Terra Payment Services Netherlands B V	0.56
5	Terra Payment Services S.A.R.L (Congo B)	Terra Payment Services Netherlands B V	$\theta$
6	Terra Payment Services S.A.R.L (Senegal)	Terra Payment Services Netherlands B V	$\mathbf{0}$
7	Terra Payment Services S.A.R.L (Democratic Republic of Congo)	Terra Payment Services Netherlands B V	$\mathbf{0}$
8	Terra Payment Services Tanzania Limited	Terra Payment Services Netherlands B V	$\Omega$
9	Terra Payment Services Uganda Limited	Terra Payment Services Netherlands B V	$\mathbf{0}$
10	Mobex Money Transfer Services Limited	Terra Payment Services Netherlands B V	$\mathbf{0}$
11	Terra Payment Services South Africa RF Pty Limited	Comviva Technologies Limited	$\mathbf{0}$