# Tech Mahindra is acquiring an 85% stake in Canadian wealth management firm Avant Techno Solutions for CAD 28 million.

*fintech, business · news · 2026-05-01 · The Economic Times*

## Key points

- Tech Mahindra is acquiring 85% of Avant Techno Solutions for CAD 28 million in cash.
- The remaining 15% of Avant will be acquired by Tech Mahindra before June 30, 2029.
- Avant specializes in real-time payment rails, ISO 20022 migration, and core payments cloud transformation.
- This is Tech Mahindra’s first major acquisition since purchasing Orchid Cybertech in 2024.

**Companies:** Tech Mahindra, Avant Techno Solutions
**Countries:** Canada, India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/information-tech/tech-mahindra-to-buy-85-in-canadas-avant-techno-solutions/articleshow/130648644.cms)

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