Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1765.00
2.55 (0.14%)
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Tech Mahindra’s arm to acquire 6.03% stake in VitalTech Holdings

Date: 23-10-2020

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.