Tech Mahindra to acquire Born Group
At an enterprise value of USD 95 million
The Board of Tech Mahindra has approved the proposal to acquire 100% stake in Born Group, directly and indirectly through its wholly owned subsidiary viz. Tech Mahindra (Singapore). The transaction is expected to close by 15 November 2019. The enterprise value is USD 95 million. USD 25 million will be paid out linked to achievement of financial targets for the financial year ending 31 December 2019.Powered by Capital Market - Live News
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