Thursday, 29 October 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Acquisition

Tech Mahindra Acquisition Worth ₹193.2 Cr

Tech Mahindra is acquiring 100% of Canada-based Alluri Technologies Inc. ('Avant') in tranches. The initial 85% stake is being acquired for CAD 28 million (₹193.2 Crore) to strengthen its BFSI vertical capabilities. Avant specializes in payments modernization and wealth platforms, reporting a turnover of ₹406.96 Crore in CY25.

Key figures
Value₹193.2 Cr
Execution periodFirst closing (85%) by 31st July 2026; balance 15% by 30th June 2029
Source

BSE filing, NSE: TECHM. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Tech Mahindra Ltd: key numbers

Share price
₹1,776.60
Market cap
₹1,74,143 Cr
Revenue (annual)
₹56,815 Cr
Net profit (annual)
₹4,811 Cr
P/E (TTM)
31.5×Sector 22.9×
Promoter holding
34.96%-0.01% QoQ
FII holding
20.76%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Tech Mahindra Ltd

All →

Other acquisition announcements

All →