Tech Mahindra Ltd.

BSE: 532755 | NSE: TECHM
Large Cap | IT - Software
1701.35
13.40 (0.79%)
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Tech Mahindra to acquire 100% stake in Allyis India, Green Investments LLC

Date: 31-12-2021

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.