Tech Mahindra has agreed to acquire 100% shareholding of Payments Technology Services. The cost of acquisition is $9 million and the transaction is expected to close by March 31, 2021.
Payments Technology Services was established in March 28, 2007 and is a payments solutions provider with a Banking and Financial Services (BFS) focus and is a step-down subsidiary of FIS. The acquisition will give Tech Mahindra IPs and licenses.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
| Company Name | CMP |
|---|---|
| TCS | 1982.20 |
| Infosys | 985.45 |
| HCL Technologies | 1034.90 |
| Wipro | 170.05 |
| Tech Mahindra | 1362.20 |
| View more.. | |
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