India’s deal street continues to be active even though the Covid-19 pandemic is still raging in parts of the country. Tech Mahindra on Monday said it will acquire a 70 per cent stake in Perigord Asset Holdings Ltd (Perigord) for an undisclosed sum.
Perigord specialises in providing end-to-end packaging supply chain solutions to the life sciences industry such as artwork & labelling services, strategic consultancy and outsourcing.
Tech Mahindra will acquire the Indian subsidiary of Perigord — Perigord Data Solutions India Pvt Ltd and Perigord Premedia (India) Pvt Ltd, while Mahindra Engineering Services (Europe) Ltd, a group firm, will acquire the other legal entities of Perigord.