Tech Mahindra enters mobile money space with 51% stake in Comviva

Mahindra Comviva

Indian software company, Tech Mahindra Limited, has acquired a 51% stake on a fully diluted basis in Comviva Technologies Limited, a provider of mobile Valued Added Services (VAS), mobile money and mobile payments solutions (view press release). The new company will be called Mahindra Comviva.  The deal is valued at INR 260cr.

 

 

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