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Tech Mahindra, Axis strike deals - Telegraph India

India’s deal street continues to be active even though the Covid-19 pandemic is still raging in parts of the country. Tech Mahindra on Monday said it will acquire a 70 per cent stake in Perigord Asset Holdings Ltd (Perigord) for an undisclosed sum.
Perigord specialises in providing end-to-end packaging supply chain solutions to the life sciences industry such as artwork & labelling services, strategic consultancy and outsourcing.
Tech Mahindra will acquire the Indian subsidiary of Perigord Perigord Data Solutions India Pvt Ltd and Perigord Premedia (India) Pvt Ltd, while Mahindra Engineering Services (Europe) Ltd, a group firm, will acquire the other legal entities of Perigord. ....

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Tech Mahindra gains 2% as Co to acquire 70% stake in Perigord

Shares of Tech Mahindra advanced 2 per cent to Rs 1,028; gaining 3 per cent from day’s low on the BSE on Monday, after the company said its board has approved the proposal for acquisition of majority stake in Perigord Asset Holdings Limited (Perigord), a digital workflow and artwork, labelling and BPO services firm. The stock of the IT consulting & services firm is trading close to its record high level of Rs 1,081.35, touched on January 11, 2021.
“The investment committee of the board of directors of the Company has approved the proposal to acquire 70 per cent equity shares in Perigord Asset Holdings Limited (“Perigord”) directly and indirectly through its wholly owned subsidiary viz. Mahindra Engineering Services (Europe),” Tech Mahindra said in exchange filing. ....

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Tech Mahindra to acquire 70% stake in Perigord

Mahindra Engineering Services (Europe).
Perigord specializes in end to end, packaging supply chain solutions to the Life Sciences Industry such as Packaging Artwork & Labelling Services, Strategic Consultancy, Creative and Digital, Strategic Outsourcing, Managed Services and Software Solutions.
Tech Mahindra will acquire the Indian subsidiary of Perigord namely Perigord Data Solutions India and Perigord Premedia (India). Mahindra Engineering Services (Europe) will acquire the other legal entities of Perigord.
The transaction entails payment of Euro 21 million upfront for 70% shares and balance 30% shares will be acquired over next four years at valuation linked to financial performance of the company.
The transaction is expected to close by 19 March 2021. ....

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Tech Mahindra gains over 2 per cent on acquisition of Perigord Asset Holdings Ltd

Tech Mahindra gains over 2 per cent on acquisition of Perigord Asset Holdings Ltd
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Tech Mahindra To Acquire Majority Stake In Perigord; Stock Jumps

Tech Mahindra To Acquire Majority Stake In Perigord; Stock Jumps
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

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