- 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