Friday, 24 March, 2023
Tech Mahindra sells stake in Terra Payment Services
<p>Pune based Tech Mahindra has sold its stake in Netherlands' Terra Payment Services for $9 mn to venture capital and growth equity firm Prime V Holding 2 EV and French firm Partech Africa. TechM owned Terra Payment Services through its subsidiary Comviva Technologies. The IT firm in a stock filing also said that they made a bonus payout of up to $13.8 mn, subject to certain conditions.</p>
Read full story at Techcircle
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