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The Perigord acquisition is a part of Tech Mahindra’s long-term growth plan to build presence across key markets in Ireland, Germany, USA, and India with enhanced global delivery ....
Read more about Tech Mahindra gains on buying majority stake in Perigord Asset Holdings on Business Standard. Tech Mahindra rose 1.90% to Rs 1,022.95 after the company announced that it acquired 70% stake in Perigord Asset Holdings to augment expertise in the global pharmaceutical, healthcare and lifesciences sectors. ....
Tech Mahindra acquires majority stake in Perigord Asset Holdings SECTIONS Last Updated: Mar 15, 2021, 10:19 AM IST Share Synopsis This will strengthen the company’s presence in the artwork and packaging services space with an integrated platform and services portfolio. Getty Images NSE IT services firm Tech Mahindra said today that it has acquired a 70% stake in Perigord Asset Holdings, a digital workflow and artwork, labelling and BPO services firm. This acquisition will help Tech Mahindra to augment expertise in the global pharmaceutical, healthcare and life science (HLS) sectors. This will strengthen the company’s presence in the artwork and packaging services space with an integrated platform and services portfolio. The company will pay Euro 21 million for a 70% stake, and the balance 30% over the next four years at a valuation linked to the company’s financial performance. Dublin, Ireland headquartered Perigord had revenues of 19.5 ....
Key equity indices traded in a narrow range near the day s low in afternoon trade. The Nifty was trading below the 14,800 mark. Rising domestic inflation and increase in COVID-19 cases sapped investors appetite for risk assets. At 13:20 IST, the barometer index, the S&P BSE Sensex, tanked 859.26 points or 1.69% at 49,932.82. The Nifty 50 index lost 256.65 points or 1.71% at 14,774.30. Reliance Industries (down 2.25%), ICICI Bank (down 3.39%) and HDFC Bank (down 2.02%) were major drags. The broader market tumbled. The S&P BSE Mid-Cap index declined 1.80%. The S&P BSE Small-Cap index dropped 1.12%. Sellers outnumbered buyers. On the BSE, 898 shares rose and 2,049 shares fell. A total of 184 shares were unchanged. ....
Tech Mahindra has acquired 70 per cent stake in Perigord Asset Holdings Limited, a digital workflow and artwork, labelling and BPO services firm, for €21 million. The remaining 30 per cent shares wil ....