tech mahindra ltd (TECHM:Natl India)
Transactions by TECH MAHINDRA LTD (TECHM) in the last 6 months
Tech Mahindra Limited (BSE:532755) signed a definitive agreement to acquire Sofgen Holdings Limited for $30 million in cash January 9, 2015. The consideration includes one-third of the earn outs for future revenue and margin growth. Sofgen had revenues of $45 million. All Sofgen employees will be absorbed. The transaction is subject to regulatory approvals and is expected to close by March 2015. Avendus Capital Private Limited acted as financial advisor for Sofgen Holdings ...
Tech Mahindra Limited (BSE:532755) signed a definitive agreement to acquire Lightbridge Communications Corporation for an enterprise value of $240 million on November 20, 2014. Lightbridge has a shareholder debt of about USD 85 million, some part of which will be paid later. Lightbridge reported revenues of $430 million in the year 2013. The transaction is subject to regulatory approval and is expected to close by fourth quarter of fiscal year 2015.
As of December 15, ...
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