By acquisition of stake held by Bharti Group and Westbridge Ventures II Investment Holdings
Tech Mahindra has acquired from the Bharti Group further stake of 22.14% (48,41,050 equity shares of Rs. 10 each) in Comviva Technologies for a consideration of Rs. 226.9 crore paid in cash.Further the Company is in the process of acquiring from Westbridge Ventures II Investment Holdings, stake of 9.93% ( 21,70,931 equity shares of Rs. 10/- each ) in Comviva Technologies for a consideration of Rs. 101.75 crore in cash. This process is likely to be completed in this month.
Post this, Tech Mahindra will hold 99.17% stake in Comviva Technologies .
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