Mumbai Jan 18 (IANS) IT major Tech Mahindra on Thursday said that it will acquire 17.5 per cent stake in US-based Altiostar Networks for $15 million.
According to a BSE filing share acquisition will be made through its wholly-owned subsidiary Tech Mahindra (Americas) Inc US.
"... the Investment Committee of the Board of Directors of the company has approved the proposal to acquire shareholding in Altiostar Networks Inc. USA through its wholly owned subsidiary i.e. Tech Mahindra (Americas) Inc USA " the company said in the filing.
--IANS
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