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Tech Mahindra buys Allyis India and Green Invst for $125 m

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Tech Mahindra buys Allyis India and Green Invst for $125 m

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Its acquisitions galore for IT services major Tech Mahindra in FY22. The company announces acquiring a 100 percent stake in Allyis India and Green Investments LLC for $125 million.

Its acquisitions galore for IT services major Tech Mahindra in FY22. The company announces acquiring a 100 percent stake in Allyis India and Green Investments LLC for $125 million.

The total payout by Tech Mahindra will be $125 million and these acquisitions will bolster the company’s capabilities in digital experience solutions.
The acquired company had revenues of $39.60 million, so roughly $40 million for calendar year 20.
Watch the accompanying video of CNBC-TV18’s Reema Tendulkar for more details.
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