Tech Mahindra Shares Gain After Merger Update: Do You Own?

Tech Mahindra’s share price rose by 1.67% to ₹1,692.70 on Tuesday after announcing a merger plan between its US-based subsidiaries, Tech Mahindra Cerium Systems Inc. and Tech Mahindra (Americas) Inc. The merger, approved by the companies’ boards on February 17, 2025, is pending regulatory approvals and is set to take effect on February 20, 2025.

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Tech Mahindra Cerium Systems Inc. (TMCS)
Incorporated in the USA in 2014, Tech Mahindra Cerium Systems Inc. (TMCS) is engaged in providing design services to the semiconductor industry and embedded software services. Currently, it operates as a non-operating entity. For the financial year ending March 31, 2024, TMCS reported a turnover of $2.7 million.

Tech Mahindra (Americas) Inc. (TMA)
Established in the USA in 1993, Tech Mahindra (Americas) Inc. (TMA) is a wholly-owned material subsidiary of Tech Mahindra. TMA reported a turnover of $1,153.28 million for FY24. It provides computer consulting, programming support, and IT management & consulting services across various industries, including healthcare.

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Tech Mahindra Stock Price Trend

Tech Mahindra share price has gained only over 1% in the past three months and the IT stock has risen by 6% in six months. Over the past one year, Tech Mahindra shares rallied 29%, and the stock has delivered 49% returns in two years. On the technical side, Anshul Jain, Head of Research at Lakshmishree Investment and Securities, believes that Tech Mahindra shares are in a consolidation phase, signaling a potential breakout.