Tech Mahindra gains 2% as Co to acquire 70% stake in Perigord

This acquisition will help Tech Mahindra to augment expertise in the global pharmaceutical, healthcare and life science (HLS) sectors

Shares of Tech Mahindra advanced 2 per cent to Rs 1,028; gaining 3 per cent from day’s low on the BSE on Monday, after the company said its board has approved the proposal for acquisition of majority stake in Perigord Asset Holdings Limited (Perigord), a digital workflow and artwork, labelling and BPO services firm. The stock of the IT consulting & services firm is trading close to its record high level of Rs 1,081.35, touched on January 11, 2021.

“The investment committee of the board of directors of the Company has approved the proposal to acquire 70 per cent