Tech Mahindra rises on entering into strategic partnership with Fuji TV

Tech Mahindra is currently trading at Rs. 1337.65, up by 7.70 points or 0.58% from its previous closing of Rs. 1329.95 on the BSE.

The scrip opened at Rs. 1331.25 and has touched a high and low of Rs. 1344.35 and Rs. 1326.00 respectively. So far 34077 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1416.00 on 23-Jan-2024 and a 52 week low of Rs. 1060.20 on 09-Jun-2023.

Tech Mahindra

Last one week high and low of the scrip stood at Rs. 1344.35 and Rs. 1292.05 respectively. The current market cap of the company is Rs. 130604.12 crore.

The promoters holding in the company stood at 35.09%, while Institutions and Non-Institutions held 53.74% and 11.17% respectively.

Tech Mahindra has entered into strategic partnership with Fuji TV, the leading broadcaster in Japan. As part of the partnership, both organizations will co-develop and produce content across genres for the global entertainment industry.

The partnership aims to drive significant growth in rapidly expanding content markets such as India, where niche content genres, including Anime and Korean dramas, are rapidly gaining popularity. It will combine Fuji TV’s original content with Tech Mahindra’s localization and animation services. Additionally, Tech Mahindra will help Fuji TV license Indian content IP (Intellectual Property) and leverage its animation expertise to create fresh and captivating Japanese content for a global audience.

Tech Mahindra will assist Fuji TV in localizing its content for the Indian audience through dubbing, subtitling, and animation services. Additionally, Tech Mahindra will support Fuji TV in licensing its content to OTT and PayTV platforms in India and Japan.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.