Tech Mahindra receives approval to sell 103 acres land in Hyderabad to Mahindra University for Rs 535 crore

Tech Mahindra on Tuesday announced that the company board has approved the sale of land measuring approximately 103 acres and 17 buildings admeasuring built-up area of around 1,261,149 sqft in Hyderabad, Telangana to Mahindra University, for a cash consideration of Rs 535 crore. Mahindra University is a university established under the Telangana State Private Universities (Establishment and Regulation) Act, 2018. Mahindra Educational Institutions, a wholly-owned subsidiary of the company is the sponsoring body of Mahindra University.