Tech Mahindra — M&A Activity 2021

Apr 26, 2021

Tech | Mahindra Uerties gine post

Pune 411004, Maharashtra, India

Tel, +91 206601 8100 Fax. +91 20 2542 4466

techmahindra.com connect®techmahindra.com

Registered Office: Gateway Building, Apollo Bunder Mumbai 400 001, India

CIN L64200MH1886PLC041370

26" April, 2021

To Phiroze Jeejeebhoy Towers, Exchange Plaza, 5" floor, Dalal Street, Plot No. — C/1, G Block, Scrip Code ; 532755 MUMBAI - 400 051

BSE Limited National Stock Exchange of India Limited MUMBAI — 400 001 Bandra-Kurla Complex, Bandra (E) NSE Symbol : TECHM

Sub: Approval of proposal for acquisition of 100% stake in Eventus Solutions Group, LLC ("Eventus")

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company through its wholly owned subsidiary viz., Tech Mahindra (Americas) Inc. approved the proposal to acquire 100% equity shares in Eventus Solutions Group, LLC, ("Eventus").

In this regard, please find enclosed herewith, Disclosure containing the details pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September, 2015 as Annexure 1,

This is for your information and record.

Please acknowledge receipt of the same.

Thanking you,

For Tech Mahindra Limited

^AA dwt Ani atri Company Secretary

Encl.: As stated above

Tech Mahindra

Annexure I

Annexure I
No.	Sr. Items for Disclosure	Description
]	Name of the target entity, details in brief such as size, turnover etc.;	The target entity is Eventus Solutions Group, LLC company headquartered ("Eventus"). The in is Denver, Colorado. The company has more than 100 employees. ending For financial year the 31° December, 2020, the company had revenue of USD 33.2 million.
	2 Whether the acquisition would fall within related party transaction(s) and whether the promoter promoter/ — 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";	No
oe	Industry to which the entity being acquired belongs;	Business Process Services (BPS)
4	Objects and effects of (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	The acquisition will bolster consulting capabilities in Customer (CX) customer experience and management space and will enable Tech Mahindra to leading consulting practice industry and build an move up the value chain in the BPS business.
5	governmental Brief any details of or regulatory approvals required for acquisition;	None
	6 Indicative time period for completion of the acquisition;	The transaction is expected to close by 15" June, 2021.
7	whether Nature of consideration cash - consideration or share swap and details of the same;	Cash
	8 Cost of acquisition or the price at which the shares are acquired;	Tech Mahindra will pay total consideration of up to USD 44 million including earnouts.
	9 Percentage shareholding control of /. acquired and / or number of shares acquired;	100%
	10 Brief background about the entity acquired products/line business terms of of in acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	Eventus Solutions Group offers end-to-end customer engagement solutions, such as strategy consulting, automation based cloud and tools services, and managed services. The entity was incorporated in 2009. Last 3 years Turnover is as follows: -
		CY20: USD 33.2 million CY19: USD 24.1 million CY18: USD 20.8 million

For Tech Mahindra Limited

a Anif Khatri Company Secretary