fintech / news / / The Economic Times
Tech Mahindra is acquiring an 85% stake in Canadian wealth management firm Avant Techno Solutions for CAD 28 million.
Tech Mahindra is acquiring 85% of Avant Techno Solutions for CAD 28 million in cash.
KEY POINTS
- 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
Summarized by Newsio from The Economic Times. How we summarize →