Tech Mahindra — M&A Activity 2020

Oct 23, 2020

	AnnexureI
	Sr.No.ItemsforDisclosureDescription INameofthetargetentity,detailsinbriefsuchassize,turnoveretc.;ThetargetentityisMomentonPty.Ltd.(“Momenton”).ThecompanyisheadquarteredinMelbourne,Australiaandhasapproximately55employees.Turnoverforthefinancialyearended30"June,2020,wasAUD10.8million. Whethertheacquisitionwouldfallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?Ifyes,natureofinterestanddetailsthereofandwhetherthesameisdoneat“armslength”;No woIndustrytowhichtheentitybeingacquiredbelongs;ITServices Objectsandeffectsofacquisition(includingbutnotlimitedto,disclosureofreasonsforacquisitionoftargetentity,ifitsbusinessisoutsidethemainlineofbusinessofthelistedentity);MomentonisacloudandengineeringservicesproviderwithaBankingandFinancialServices(BFS)focus.TheacquisitionwillenhanceTechMahindra’sdigitaltransformationcapabilitiesandprovideTechMahindraa scaleduppresenceintheAustralianBFSmarket. Briefdetailsofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition;ApprovalrequiredfromtheForeignInvestmentReviewBoard(FIRB),Australiaforclosingthetransaction. Indicativetimeperiodforcompletionof theacquisition;Thetransactionisexpectedtocloseby31"March,2021. Natureofconsideration-whethercashconsiderationorshareswapanddetailsofthesame;Cash Costofacquisitionorthepriceatwhichthesharesareacquired;UptoAUD14.3millionincludingearn-out. Percentageofshareholding/ controlacquiredand/ornumberofsharesacquired;100% Briefbackgroundabouttheentityacquiredintermsofproducts/lineofbusinessacquired,dateofincorporation,historyoflast3 years Momentonisacloudandengineeringservicesproviderwitha BFSfocus.TheacquisitionwillenhanceTechMahindra’sdigitaltransformation
Sr.No.ItemsforDisclosureDescription INameofthetargetentity,detailsinbriefsuchassize,turnoveretc.;ThetargetentityisMomentonPty.Ltd.(“Momenton”).ThecompanyisheadquarteredinMelbourne,Australiaandhasapproximately55employees.Turnoverforthefinancialyearended30"June,2020,wasAUD10.8million. Whethertheacquisitionwouldfallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?Ifyes,natureofinterestanddetailsthereofandwhetherthesameisdoneat“armslength”;No woIndustrytowhichtheentitybeingacquiredbelongs;ITServices Objectsandeffectsofacquisition(includingbutnotlimitedto,disclosureofreasonsforacquisitionoftargetentity,ifitsbusinessisoutsidethemainlineofbusinessofthelistedentity);MomentonisacloudandengineeringservicesproviderwithaBankingandFinancialServices(BFS)focus.TheacquisitionwillenhanceTechMahindra’sdigitaltransformationcapabilitiesandprovideTechMahindraa scaleduppresenceintheAustralianBFSmarket. Briefdetailsofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition;ApprovalrequiredfromtheForeignInvestmentReviewBoard(FIRB),Australiaforclosingthetransaction. Indicativetimeperiodforcompletionof theacquisition;Thetransactionisexpectedtocloseby31"March,2021. Natureofconsideration-whethercashconsiderationorshareswapanddetailsofthesame;Cash Costofacquisitionorthepriceatwhichthesharesareacquired;UptoAUD14.3millionincludingearn-out. Percentageofshareholding/ controlacquiredand/ornumberofsharesacquired;100% Briefbackgroundabouttheentityacquiredintermsofproducts/lineofbusinessacquired,dateofincorporation,historyoflast3 yearsturnover,countryinwhichtheacquiredentityhaspresenceand anyothersignificantinformation(inbrief); Momentonisacloudandengineeringservicesproviderwitha BFSfocus.TheacquisitionwillenhanceTechMahindra’sdigitaltransformationcapabilitiesandprovideTechMahindraa scaleduppresenceintheAustralianBFSmarket.Thecompanywasfoundedin2015and_hasapproximately55employees.TherevenueoftheCompanyforthelast3 fiscalyearsending:a)30"June,2020:AUD10.8million.b)30"June,2019:AUD7.0million.c)30"June,2018:AUD7.1million. ForTechMahindraLimitedrmAniatriCompanySecretary	Sr.No.ItemsforDisclosureDescription INameofthetargetentity,detailsinbriefsuchassize,turnoveretc.;ThetargetentityisMomentonPty.Ltd.(“Momenton”).ThecompanyisheadquarteredinMelbourne,Australiaandhasapproximately55employees.Turnoverforthefinancialyearended30"June,2020,wasAUD10.8million. Whethertheacquisitionwouldfallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?Ifyes,natureofinterestanddetailsthereofandwhetherthesameisdoneat“armslength”;No woIndustrytowhichtheentitybeingacquiredbelongs;ITServices Objectsandeffectsofacquisition(includingbutnotlimitedto,disclosureofreasonsforacquisitionoftargetentity,ifitsbusinessisoutsidethemainlineofbusinessofthelistedentity);MomentonisacloudandengineeringservicesproviderwithaBankingandFinancialServices(BFS)focus.TheacquisitionwillenhanceTechMahindra’sdigitaltransformationcapabilitiesandprovideTechMahindraa scaleduppresenceintheAustralianBFSmarket. Briefdetailsofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition;ApprovalrequiredfromtheForeignInvestmentReviewBoard(FIRB),Australiaforclosingthetransaction. Indicativetimeperiodforcompletionof theacquisition;Thetransactionisexpectedtocloseby31"March,2021. Natureofconsideration-whethercashconsiderationorshareswapanddetailsofthesame;Cash Costofacquisitionorthepriceatwhichthesharesareacquired;UptoAUD14.3millionincludingearn-out. Percentageofshareholding/ controlacquiredand/ornumberofsharesacquired;100% Briefbackgroundabouttheentityacquiredintermsofproducts/lineofbusinessacquired,dateofincorporation,historyoflast3 years Momentonisacloudandengineeringservicesproviderwitha BFSfocus.TheacquisitionwillenhanceTechMahindra’sdigitaltransformation