Tech Mahindra Ltd has fixed March 20 as the record date for the issue of bonus shares in the ratio of 1:1 and for sub-division of equity shares in the ratio of 2:1 (two equity shares of ₹5 each for every equity share of ₹ 10 each).

The decision follows the shareholders’ nod for the proposal by postal ballot and e-voting.

Tech Mahindra shares were up by ₹ 62.95 at ₹2,902.75 on the NSE. om/ryn/14.15 h