Announced Wed, 1 Jul · 22:53 IST
Tech Mahindra acquires Brazil-based Alyis Servicos for about Rs 2.21 crores
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Price reaction · full curve 14 horizons · vs prior close
+3.7%1-day move
₹1360.70
prior close
₹1378.30
base price
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AI summary
Tech Mahindra's subsidiary is acquiring Brazil-based Alyis Servicos from Orange Business Services for about Rs 2.21 crores (BRL 1.2 million) in cash. Alyis has around 270 employees and serves telecom clients in the LATAM region. The deal supports Tech Mahindra's partnership with Orange for outsourced support work. Alyis will become a wholly-owned stepdown subsidiary, with completion expected 2 July 2026.
Likely market impact
Small deal by value (about Rs 2.21 crores) but expands Tech Mahindra's telecom IT presence in the LATAM region under its Orange partnership.