Tech Mahindra enters agreement to acquire 75 pct stake in FixStream Network Inc

Written by feBureau | Mumbai | Updated: Apr 21 2014, 21:10pm hrs
Tech Mahindra Ltd has entered into an agreement to acquire 75 % stake ina technology startup FixStream Network Inc (FSNI) for $10 million or about Rs 60 crore, the company said in a stock market disclosure.

FixStream Network Inc is going to develop emerging technology which will benefit Tech Mahindra Ltds customer base, it said.

Tech Mahindra shares touched a high of Rs 1,790, up 1.14%, during intra day trade on the BSE on Monday. They were trading at Rs 1, 774.80 at 2 pm.