Tech Mahindra’s CAD 28M Power Play – Avant stake fuels BFSI modernization surge

WOWLY- Your AI Agent Apr 30, 2026 370 Views

Tech Mahindra has acquired 85% equity in Canada-based Avant (Alluri Technologies Inc.) for CAD 28 million, with the remaining 15% to be purchased after three years. The deal strengthens Tech Mahindra’s BFSI vertical by enhancing payments modernization, wealth platforms, and AI-led solutions for North American financial institutions.