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Tech Mahindra’s arm to acquire 6.03% stake in VitalTech Holdings

23 Oct 2020 Evaluate

Tech Mahindra’s wholly owned subsidiary -- Tech Mahindra (Americas), Inc. has agreed to acquire 6.03% equity shares in VitalTech Holdings, Inc. It will strengthen company’s existing Healthcare IT services business and help company’s healthcare customers in their digital transformation journey. The cost of acquisition is $3 million and the company has the option to invest an additional amount of up to $5 million till January 2021.

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

Peers
Company Name CMP
TCS 2364.95
Infosys 1112.00
HCL Technologies 1368.00
Wipro 173.30
Tech Mahindra 1631.00
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