Tech Mahindra to acquire US-based Born Group; Q2 profit jumps 5.6% to Rs 1,124 crore

Tech Mahindra to acquire US-based Born Group; Q2 profit jumps 5.6% to Rs 1,124 crore

  • Tech Mahindra an IT firm posted a 5.6 percent increase in net profit at Rs 1124 crore for the September quarter on Tuesday.
  • They also said that they will acquire a US-based Born Group at an enterprise value of USD 95 million which is approximately Rs 671 crore.
  • The Mumbai based company had registered Rs 1064.3 crore net profit back in the year July-September 2018 quarter.
  • The company’s profit was at USD 158.6 million, while revenue was USD 1.28 billion in the September quarter in dollar terms.

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