Tech Mahindra secures board approval for the merger of its subsidiary, Eventus Solutions, with its parent company – a significant industry development.

Tech Mahindra announced that its board of directors has approved a plan to merge its wholly-owned subsidiary, Eventus Solutions Group, LLC, with its parent company, Tech Mahindra (Americas) Inc. The merger is subject to regulatory approvals in the US and is expected to take effect on January 1, 2025. The companies said the merger will result in synergy of business operations, optimization of operational costs, and reduction of compliance risks. Eventus provides implementation, consulting, and managed services to large corporate and governmental clients in the US, while TMA provides computer consulting, programming support services, and IT management and consulting services to clients in various industries, including healthcare. The merger is exempt from regulatory requirements since it is between two wholly-owned subsidiaries of the company.