Diabytes
Tech Mahindra to acquire 80% stake in Australian firm Geomatic.AI
The deal has been signed and closed simultaneously, it added.
- Geomatic.Ai Pty is a company incorporated under Australian laws on February 7, 2022 and operates in the field of energy and utilities.
- The deal has been signed and closed simultaneously, it added.
Trending Photos
10- 6
- 10
- 5
 "Tech Mahindra to acquire 80% stake in Australian firm Geomatic.AI")
New Delhi: IT company Tech Mahindra on Tuesday said it will acquire 80 per cent stake in Australian artificial intelligence firm Geomatic.AI for 6 million Australian dollars (about Rs 32 crore) through its Singapore-based subsidiary.
Geomatic.Ai Pty is a company incorporated under Australian laws on February 7, 2022 and operates in the field of energy and utilities.
"As part of this deal, Tech M will have 80 per cent shareholding in Geomatic.AI for consideration of Australian dollar 6 million. Ausnet will have 20 per cent shareholding and transfer digital workforce, intellectual property , assets and client contracts to the newly formed entity," as per a regulatory filing.
The deal has been signed and closed simultaneously, it added.
 "DNA: After Surat, another jolt to Congress")
 "DNA: Why Uttarakhand is prone to forest fires?")
 "DNA: Why is world afraid of snowfall in scorching heat?")
 "DNA: Are terrorists planning to do something big?")
 "DNA: Can You Get HIV From a Tattoo?")
 "DNA: Today's Viral Speech from Lok Sabha Elections")
 "DNA: What did Amit Shah say on his FAKE video?")
 "DNA: Why are people of Amethi cursing Rahul?")
 "Know why NSG commandos had to be sent to Sandeshkhali in Bengal")
 "Land shifting in Ramban of Jammu")
