Tech Mahindra London Limited (TMLL), a wholly-owned subsidiary of Tech Mahindra, has divested its entire 26.42% stake in Surance Limited. The transaction was executed on September 23, 2025. Consequently, Surance Limited and Surance US Holdings, Inc. will cease to be associate companies of TMLL and Tech Mahindra.
Strategic Divestment
Tech Mahindra London Limited (TMLL) has approved the divestment of its complete stake in Surance Limited, an associate company. The agreement was finalized on September 23, 2025.
Transaction Details
The share transfer agreement involves TMLL divesting its entire 26.42% stake in the paid-up share capital of Surance Limited.
Impact of the Divestment
Upon completion of this transaction, Surance Limited and its wholly-owned subsidiary, Surance US Holdings, Inc., will no longer be associated companies of TMLL or Tech Mahindra.
Consideration
The cash consideration received from the sale/disposal is USD 1.
Buyer Information
The buyer is an existing shareholder of Surance Limited, holding 60.73% of the company and is not related to the promoter/promoter group/group companies of Tech Mahindra.
Timeline
The expected date of completion of the sale/disposal is on or before September 30, 2025.
Source: BSE
