New Delhi: IT company Tech Mahindra on Monday announced acquisition of 100 per cent stake in Europe-based Com Tec Co IT (CTC) and 25 per cent stake in two insurtech platforms for a total of EUR 330 million (about Rs 2,800 crore).
The company said the acquisitions will strengthen its digital engineering and insurance technology businesses.
“It is our largest capital outlay commitment in recent times to grow our digital engineering and insurance technology business,” Tech Mahindra President for BFSI, HLS, and corporate development, Vivek Agarwal said.
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