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  • 03 Jan 2022
  • ICICI Securities

Tech M acquires 100% stake in Green investments LLC

TECHM - 1000 Change: -21.10 (-2.07 %)

News: TechM informed the stock exchanges that it has signed an agreement to acquire 100% stake in Green investment LLC , a holding company of Allysis Pvt Ltd.Tech M is paying US$125 mn including performance and management related earnouts at 2.5x price to CY21 estimated sales.

Views: The acquisition will strengthen Tech Mahindra’s capabilities in Digital Experience Solutions, Cloud & Automation, Business Intelligence & Analytics, Technical support services.

Impact: Positive