In an interview to CNBC-TV18, Rajesh Chandiramani, head of sales for Continental Europe at Tech Mahindra, said the deal size exceeds USD 50 million.
Tech Mahindra has signed a multi-year contract with Finnish company Ahlstrom to manage its IT operations.
In an interview to CNBC-TV18, Rajesh Chandiramani, head of sales for Continental Europe at Tech Mahindra , said the deal size exceeds USD 50 million.
Under the agreement, Tech Mahindra has got into a 5-year contract, along with a 2-year extension, with Ahlstrom, a fiber-based materials company. Chandiramani said the company may see some pressure on margins on the back of deal.
Tech Mahindra stock price
On September 23, 2014, at 14:15 hrs Tech Mahindra was quoting at Rs 2480.00, up Rs 8.95, or 0.36 percent. The 52-week high of the share was Rs 2521.80 and the 52-week low was Rs 1278.55.
The company's trailing 12-month (TTM) EPS was at Rs 111.03 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 22.34. The latest book value of the company is Rs 364.94 per share. At current value, the price-to-book value of the company is 6.80.
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