Tech Mahindra has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to USD 125 million. 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.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Tech Mahindra will pay total consideration of up to $125 million, including employment-related and performance-related earnouts, as per a regulatory update filed with the exchanges. Allyis India Pvt Ltd and Green Investments LLC offer technology consulting and managed services for organisations to help reduce costs, improve performance, and meet their objectives. Allyis India Pvt Ltd was incorporated in 2018 whole Green Investments LLC was incorporated in 2013.
Important takeaways for all competitive exams:
Every year, World Hepatitis Day is observed on 28th July to raise global awareness about…
The world bid farewell to Tom Lehrer, the celebrated musical satirist and mathematics master, who…
The Central Reserve Police Force (CRPF), one of India’s most prestigious paramilitary forces, celebrates its…
In a landmark step to make school education more contextual, contemporary, and rooted in national…
The National Legal Services Authority (NALSA) has launched a new scheme titled ‘Veer Parivar Sahayata…
July is a special month with many important days that are celebrated in India and…