Tech Mahindra Limited (TECHM) — Announcement Announcement

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📢 Key Event
Tech Mahindra acquires Avant Technologies Inc. for CAD 28 million

🔄 What Changed
Added CAD 58.64 million revenue and 240 employees

🔮 What's Next
First closing by July 31, 2026; second closing by June 30, 2029

💡 Investor Takeaway
This acquisition expands Tech Mahindra's BFSI offerings and revenue base in high-growth North American payments markets.

Tech Mahindra announced its acquisition of Canadian payments specialist Avant Technologies Inc. through its subsidiary TMCG, agreeing to pay CAD 28 million for an initial 85% stake with a total potential of 100% by 2029. The deal strengthens Tech Mahindra's BFSI capabilities in payments modernization and wealth management across North America, adding CAD 58.64 million in annual revenue and 240 employees. The transaction is non-related party, with completion expected by July 31, 2026 for the first tranche and June 30, 2029 for the remainder.

📄 View Original Announcement (PDF)

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About Tech Mahindra Limited (TECHM)

Information Technology · IT - Software · Listed on NSE

Market Cap: ₹1,34,302.72 Cr P/E: 26.3 ROE: 10.0% ROCE: 22.1%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Tech Mahindra Limited (TECHM) — Announcement Announcement

About Tech Mahindra Limited (TECHM)

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