Tech Mahindra has received approval to acquire 100% equity shares of Objectwise Consulting Group Inc. through a new entity to be formed under its wholly owned subsidiary viz., Tech Mahindra (Americas) Inc. Objectwise brings with it strong capabilities in implementation and support of PEGA software. The cost of equity value is CAD 2.75 million. The Investment Committee of the Board of Directors of the company has approved the same.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.
