IT services major Tech Mahindra has approved a proposal to acquire 100% stake in Allyis India and Green Investments, a holding company for US-based Allyis Group. The company said it will pay a total consideration of up to $125 million (over ₹900 crore). The acquisition will help bolster business in areas such as cloud and automation engineering.
Tech Mahindra to acquire 100% stake in Allyis India, Green Investments
By ain user