Tech Mahindra Q4 net down 1.3pct on interest costs

Newswire

MUMBAI, April 30 (Reuters) - Indian IT services firm Tech Mahindra Ltd on Friday reported a 1.3 percent fall in quarterly profit, weighed down by interest costs on borrowings to fund its acquisition of Satyam Computer Services. Satyam, re-branded as Mahindra Satyam , was bought by Tech Mahindra in April last year after being hit by India's biggest corporate fraud. [ID:nBOM476146] Tech Mahindra, a unit of tractor and utility vehicle maker Mahindra & Mahindra , owns a majority stake in ...

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