AZB, Khaitan advise on Tech Mahindras acquisition of Hutchison Global Services for 87 millionSeptember 5 2012
IT services provider Tech Mahindra has acquired 100 per cent stake in Hutchison Global Services (HGS), the back office captive unit owned by Hutchison, for $87.1 million (Rs.487 crore), in an all-cash transaction.
AZB & Partners advised Tech Mahindra with a team led by Partner Abhijit Joshi.
Khaitan & Co advised HGS with a team led by Partners Haigreve Khaitan and Vaishali Sharma. Direct Tax Executive Director Daksha Baxi assited the team on direct tax related issues.
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