Tech Mahindra acquires 70% stake in Dublin-based Perigord for $25.06 million

Mumbai-based Tech Mahindra has announced the acquisition of 70% stake in Dublin-based digital workflow and artwork, labelling and BPO services firm, Perigord for $25.06 million (€21 million).

According to the IT firm’s filing on the NSE, this amount will be paid upfront and the remaining 30% shares will be acquired over the next four years at a valuation linked to financial performance of the company.