For total consideration of USD 125 mn
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 (together called as Target).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 USD 125 million including employment related and performance related earnouts.
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