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Tech Mahindra’s arm to acquire 100% stake in Tenzing Group

24 Oct 2020 Evaluate

Tech Mahindra’s wholly owned subsidiary -- Tech Mahindra (Singapore) has agreed to acquire 100% equity shares in Tenzing and Tenzing Australia (Tenzing Group). The acquisition will bring strong capabilities primarily in the insurance vertical along with expanding footprint in the Australia and New Zealand (ANZ) market. The transaction is expected to close by November 30, 2020.

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Peers
Company Name CMP
TCS 2362.15
Infosys 1111.55
HCL Technologies 1367.35
Wipro 173.30
Tech Mahindra 1629.00
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