Tech Mahindra acquires European tech firm for EUR 310 mn

11:10:00 PM, Monday 17th of January 2022 | in business

Tech Mahindra announced acquisition of 100 per cent stake in Europe-based Com tec Co IT (CTC) and 25 per cent stake in two IT platforms for EUR 330 million (about Rs. 2,800 crore). The company stated that the acquisitions will strengthen its digital engineering and insurance technology businesses.