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Tech Mahindra to buy 85 percent stake in Canada wealth firm for CAD 28 million
Business
Published on 1 May 2026
The deal targets payments modernization and wealth platforms
Tech Mahindra plans to acquire an 85% stake in Canadian wealth management firm Avant Techno Solutions for CAD 28 million. The move is designed to strengthen its BFSI capabilities, with a focus on payments modernization and wealth platform services. The acquisition is expected to close by July 31, supporting financial institutions as they push through digital transformation.
- Tech Mahindra will buy 85% of Avant Techno Solutions
- Deal value is CAD 28 million
- Focus includes payments modernization and wealth platforms
- Expected to close by July 31
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times