Tech Mahindra to acquire 100% stake in Dynacommerce Holding

Tech Mahindra has received an approval for the proposal to acquire 100% Equity Shares of Dynacommerce Holding BV, Netherlands. The Company through this acquisition will be able to enhance its capabilities in the customer experience layer.

Euro 4.39 million is estimated as initial value to be paid for the acquisition of shares. The Board of Directors of the company at its meeting held on February 01, 2019 has approved the same.

Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.