New Delhi: IT major Tech Mahindra on Friday said that the company has agreed to acquire Allyis India Pvt Ltd and its wholly owned subsidiary Tech Mahindra (Americas) Inc. has approved the proposal to acquire 100% stake in Green Investments LLC, holding company for Allyis Group.
“Tech Mahindra will pay total consideration of up to US$ 125 million including employment related and performance related earnouts,” the company said in a BSE filing.
Tech Mahindra shares were trading in red at BSE around 1:25 PM.
Green Investments LLC offers technology consulting and managed services that help organizations reduce costs, improve performance, and meet their unique objectives. While Allyis India Pvt Ltd was incorporated in 2018 Green Investments LLC was incorporated in 2013.