Tech Mahindra Acquires Remaining Stake in Tech Mahindra Arabia Limited
Tech Mahindra Limited announced on March 17, 2026, that Tech Mahindra London Limited, a wholly-owned subsidiary, executed a Share Sale and Purchase Agreement with Midad Company Limited for the acquisition of Midad’s 20% equity stake in Tech Mahindra Arabia Limited.The transaction results in the company, along with TMLL, holding 100% shareholding in Tech Mahindra Arabia Limited. Midad exercised a put option as stipulated in a shareholder's agreement.
Tech Mahindra Arabia Limited, headquartered in the Kingdom of Saudi Arabia, provides digital system integration and consulting services. As of March 31, 2025, the company's turnover was SAR 181.6 million and its net worth was SAR 86.57 million.
The acquisition, valued at SAR 83.7 million (approximately Rs. 206.2 crore at an exchange rate of Rs. 24.64 per SAR), represents the acquisition of 200 equity shares, equivalent to 20% of Tech Mahindra Arabia Limited’s issued share capital. The transaction is considered a related-party transaction and is being conducted on an arm’s length basis.
The acquisition requires approval from the General Authority for Competition (GAC) in the KSA and is expected to be completed on or before July 15, 2026.
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