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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.

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 2435.00
Infosys 1127.10
HCL Technologies 1405.00
Wipro 193.75
Tech Mahindra 1781.70
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