Tech Mahindra Share price: Maintain buy rating with target of Rs 1135
Tech Mahindra has announced a small acquisition of an Ireland-based BPO firm for EUR 21 mn for 70% stake. The pace of acquisitions is consistent with the historic trends and designed for digital capabilities or vertical/geo expansion. A fine balance is necessary between ‘build’ and ‘buy’ decisions; Tech Mahindra has a bias towards ‘buy’, whereas investors at large prefer the former.
Tech Mahindra has announced acquisition of Perigord, which provides niche packaging supply-chain BPO services for global clients in the life sciences vertical: Reuters