Tech Mahindra is reportedly planning to buyout Financial Technologies (FT) if the promoter is asked to sell his stake as part of the NSEL scam proceedings. In this regard, the company has initiated an evaluation of Financial Technologies for a buyout possibility.
Tech Mahindra wants to re-gain its strength in the BFSI segment which had been hit bad in the Satyam portfolio. FT may provide enough traction in this vertical.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.
Tech Mahindra wants to re-gain its strength in the BFSI segment which had been hit bad in the Satyam portfolio. FT may provide enough traction in this vertical.
Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra. The company, since 2002 has operations in China with offices in Beijing, Shanghai, Nanjing and Guangzhou.
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