Friday, 24 March, 2023

Tech Mahindra rises as firm to buy 100% stake in Thirdware

<p>Tech Mahindra revealed plans to buy a 100% stake in Mumbai-based enterprise application firm Thirdware for $42M (about Rs 322 cr) in an all-cash deal, according to the company. Due to this, Tech Mahindra rose 0.9 % in early trade on Monday. On the National Stock Exchange, Tech Mahindra&#39;s stock rose to a high of Rs 1,500.40, up from Rs 1,486.80 at the previous closing. As per estimates, Tech Mahindra will pay a total consideration of up to $42M, including earnouts.</p>