Tech Mahindra board approves merger of three subsidiaries

Tech Mahindra (BSE:TECHM) announced its Board of Directors has approved a plan to merge three wholly-owned subsidiaries: Zen3 Infosolutions Private Limited ("ZIPL"), Tech Mahindra Enterprise Services Limited ("TMESL"), and Begig Private Limited ("BPL"), subject to regulatory approvals. The move, formalized at a board meeting on April 24, 2025, is intended to reduce compliance costs, overhead, and administrative expenses by eliminating duplication of activities.