Tech Mahindra Limited has made a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding an acquisition by its subsidiary.

Transaction Details

  • Acquiring Entity: Tech Mahindra Servicos De Informatica S.A (wholly-owned subsidiary of Tech Mahindra Limited)
  • Seller: Orange Business Services Brasil LTDA ("Orange")
  • Target Entity: Alyis Serviços Técnicos LTDA
  • Agreement: Quota Purchase Agreement
  • Execution Date: 1 July, 2026
  • Intimation Received: 1 July, 2026 at 10:36 p.m. (IST)

Target Company Details

  • Name: Alyis Serviços Técnicos LTDA
  • Incorporation Date: 27 May, 2026
  • Location: Petropolis, State of Rio de Janeiro, Brazil
  • Business: Providing IT services to Telecom Sector companies, including training and consulting services, software development and licensing, commercial representation activities, digital transformation and enterprise network services
  • Employees: Approximately 270
  • Financials:
  • Turnover: Nil (newly incorporated)
  • Share Capital: BRL 1,199,718
  • Net Worth: BRL 1.2 million (approximately ₹2.21 crores at exchange rate of ₹18.42 per BRL)

Transaction Terms

  • Acquisition Cost: BRL 1.2 million (approximately ₹2.21 crores)
  • Shares Acquired: 1,199,718 equity shares of face value BRL 1 each
  • Percentage Acquired: 100% shareholding
  • Payment Method: Cash consideration
  • Related Party Status: Not a related party transaction. Promoter/Promoter Group/Group Companies have no interest in the acquired entity.

Strategic Purpose

The acquisition is part of a partnership signed between Tech Mahindra and Orange Business which includes outsourcing of selected international operations including global customer support, quote to bill and post sale support. Alyis Serviços has operations in Brazil supporting the LATAM region, and this acquisition will enable the Company to provide seamless support to Orange Business customers.

Regulatory Aspects

  • Government/Regulatory Approvals: Not required
  • Disclosure Compliance: Regulation 30 read with Para-A of Part A of Schedule III of SEBI Listing Regulations
  • Reference: SEBI Master circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026

Post-Transaction Structure

Upon completion, Alyis Serviços Técnicos LTDA will become a wholly-owned subsidiary of Tech Mahindra Servicos De Informatica S.A and a wholly-owned stepdown subsidiary of Tech Mahindra Limited. Consequently, it will become a Related Party of the Company.

Additional Information

The intimation has been uploaded on the company's website at https://www.techmahindra.com/investors/.