Tech Mahindra shares gain 1 pct, adding to Thursday’s 3 pct rise.
Company to buy network services operator Lightbridge Communications Corp (LCC) for $240 million.
LCC acquisition is happening at reasonable valuations and will bring in market share gains for Tech Mahindra – Analysts.
“There are 20 new customers that LCC brings to TECHM, which should present cross-selling opportunities,” Religare said in a note.
LCC is expected to have revenues of $430 million in 2014, it added.