Tech Mahindra Limited (TECHM) — Announcement

📢 Key Event
Tech Mahindra completes acquisition of Alyis Serviços Técnicos LTDA

🔄 What Changed
Added first wholly-owned subsidiary in Brazil with 270 employees

🔮 What's Next
Not Applicable

💡 Investor Takeaway
This acquisition gives Tech Mahindra a foothold in Brazil to serve Orange customers across Latin America.

⚠️ Risks
Not Applicable

Tech Mahindra announced it has acquired 100% of Brazilian IT services firm Alyis Serviços Técnicos LTDA for approximately Rs 2.21 crores in cash, adding a new LATAM capability to support Orange Business Services customers and expanding its international footprint.

📄 View Original Announcement (PDF)

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