Tech Mahindra 's wholly-owned subsidiary, Tech Mahindra Servicios De Informatica S.A, has acquired Alyis Serviços Técnicos LTDA for BRL 1.2 million, approximately Rs 2.21 crore, to bolster its support for Orange Business customers in the LATAM region. The acquisition, executed on July 1, 2026, involves 100% shareholding comprising 1,199,718 equity shares. This strategic move follows a partnership signed between Tech Mahindra and Orange Business, focusing on outsourcing selected international operations including global customer support and post-sale services.

About the Acquired Entity

Alyis Serviços Técnicos LTDA, incorporated on May 27, 2026, in Petropolis, Brazil, employs approximately 270 people and operates in the IT and consulting services sector. The entity provides IT services to telecom sector companies, including training, consulting, software development, and digital transformation services. As a newly incorporated entity, Alyis Serviços reported nil turnover as of the acquisition date, with a net worth of BRL 1.2 million.

Transaction Structure and Compliance

The transaction is not a related party transaction, and the promoter, promoter group, or group companies hold no prior interest in the acquired entity. However, upon completion, Alyis Serviços will become a wholly-owned stepdown subsidiary of Tech Mahindra, thereby classifying it as a Related Party. The acquisition is funded through cash consideration and does not require any governmental or regulatory approvals. The exchange rate considered for the transaction valuation was Rs 18.42 per BRL. The completion of the acquisition is scheduled for July 2, 2026.

Key Transaction Details

The following table summarises the key parameters of the acquisition:

This expansion is expected to enable Tech Mahindra to provide seamless support to Orange Business customers, leveraging Alyis Serviços' established operations in Brazil.

Tech Mahindra witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 834,461 shares changing hands at a price of ₹1362.10 per share. The total value of the transaction was recorded at ₹113.66 crores, signalling significant institutional interest in the stock.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades of this scale are typically executed by institutional investors or large market participants and are carried out outside the regular order book to minimise market impact. The transaction in Tech Mahindra reflects considerable activity at the institutional level in the counter.