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Tech Mahindra to acquire 100% stake in Allyis India, Green Investments LLC

31 Dec 2021 Evaluate

Tech Mahindra approved the proposal to acquire 100% equity shares in Allyis India and the company’s wholly owned subsidiary viz., Tech Mahindra (Americas) Inc. approved the proposal to acquire 100% equity shares in Green Investments LLC, holding company for Allyis Group.

The acquisition will bolster Tech Mahindra’s capabilities in Digital Experience Solutions: Learning & Development, Marketing, Instructional Design; Engineering: Cloud & Automation, BI & Analytics, Technical support services. Tech Mahindra will pay total consideration of up to $125 million including employment related and performance related earnouts. 

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 2302.00
Infosys 1088.90
HCL Technologies 1329.00
Wipro 171.00
Tech Mahindra 1576.00
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