IT major Tech Mahindra on Monday said it has acquired DigitalOnUS, a hybrid cloud and DevOps services provider, for $120 million (about ₹898 crore) to augment hybrid-cloud offerings for enterprise customers globally...
Tech Mahindra acquires 70% stake in Perigord to augment pharma expertise
Digital transformation services provider Tech Mahindra on Monday announced it has acquired 70 per cent stake in Perigord, a leading supplier of consultancy and labelling artwork solutions to the pharmaceutical industry...
Mahindra receives RBI approval to reduce stake in SsangYong Motor
Mahindra & Mahindra has received the green light from the Reserve Bank of India to reduce its ownership in Korean automaker SsangYong Motor, putting the sale process with the potential investor on fast track...
Amazon partners Mahindra for EVs
Amazon.com Inc.’s India unit agreed to order more electric vehicles (EVs) from Mahindra Electric as part of a plan to boost its local eco-friendly delivery fleet to 10,000 by 2025 and deliver on founder Jeff Bezos’...
Brookfield nears deal for Mahindra’s EPC biz, solar units
Canada’s Brookfield Asset Management Inc. has signed an exclusivity agreement to buy Mahindra Susten’s engineering, procurement and construction (EPC) business, besides 1,200 megawatts (MW) of solar assets, at an...
Tech Mahindra to acquire Payments Technology Services for Rs 66 cr
IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore). The acquisition will give Tech...
Ford, Mahindra call off auto joint venture
Ford Motor Co said on Thursday it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. The companies said in separate...
Mahindra’s South Korean arm SsangYong Motor files for bankruptcy
Mahindra & Mahindra-owned South Korean automaker SsangYong Motor filed for court receivership after defaulting on loans worth 90 billion won (Rs 602 crore) due to Korea Development Bank (KDB) on Monday. The company...
Actis, Brookfield look to buy Mahindra’s EPC, solar assets
Private equity firm Actis Llp and Brookfield Asset Management Inc., among others, are eyeing Mahindra Susten’s engineering, procurement and construction (EPC) business, besides its under-construction 600MW solar assets...
National Investment and Infra Fund emerges top bidder for Mahindra Susten’s solar assets
The National Investment and Infrastructure Fund (NIIF) is the frontrunner to acquire about 617 megawatts (MW) worth assets of Mahindra Susten, the solar energy EPC platform owned by the Mahindra group, outbidding global...
Tech Mahindra acquires Momenton and Tenzing to boost financial services biz
IT services company Tech Mahindra on Tuesday said it acquired 100% equity in two companies—Momenton, a digital enterprise technology firm and Tenzing Ltd, a technology consulting firm. Both organizations are expected to...
Kotak Mahindra denies takeover talks with IndusInd, but says its open for M&A opportunities
Kotak Mahindra Bank on Monday denied takeover talks with IndusInd Bank but said they were open to M&A opportunities. News agency Bloomberg had reported that Kotak Mahindra Bank is exploring a takeover of smaller...