Tech Mahindra — M&A Activity 2019

Jun 17, 2019

		AnnexureI
Sr.	No.	Items for Disclosure	Description
		Name of the target entity, details in brief	Objectwise Consulting Group Inc.,
		such as size, turnover etc.;	based in Ontario, Canada
			Revenue for the financial year ended
			30-Sep-2018 was CAD 13.6 million.
		Whether the acquisition would fall within	No
		related party transaction(s) and whether
		thepromoter/promotergroup/group
		companies have any interest in the entity
		being acquired? If yes, nature of interest
		and details thereof and whether the same
		is done at “arms length”;
		Industrytowhichtheentitybeing	IT Services
		acquired belongs;
		Objectsandeffectsofacquisition	Objectwise brings with it strong
		(including but not limited to, disclosure of	capabilities in implementation and
		reasons for acquisition oftarget entity, if	support ofPEGA software.
		its business is outside the main line of
		business ofthe listed entity);
		Brief detailsofanygovernmentalor	None
		regulatoryapprovalsrequiredforthe
		acquisition;
		Indicative time period for completion of	The transaction is expected to close by
		the acquisition;	315‘July 2019.
		Nature of consideration- whether cash	The consideration would be cash.
		consideration or share swap and details of
		the same;
		Cost ofacquisition or the price at which	The equity value is CAD 2.75 million
		the shares are acquired;
		Percentageofshareholding/control	100%
		acquiredand/ornumberofshares
		acquired;