India: Tech Mahindra acquires 17.5% stake in US firm Altiostar for $15m

India: Tech Mahindra acquires 17.5% stake in US firm Altiostar for $15m

Photo: Reuters

Indian IT company Tech Mahindra Ltd (TML) on Thursday announced that it has acquired a 17.5 per cent stake in the U.S.-based telecom software development company Altiostar Networks for a cash consideration of $15 million.

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