Tech Mahindra intimates of modification in terms of acquisition of majority stake in Cerium Systems

Tech Mahindra announced the modification in terms of acquisition of the majority stake in Cerium Systems as under -

(a) at Sr No. 6 - the transaction is expected to close by 10 April, 2020
(b) at Sr. No. 8 & 9- 51% of the shares will be acquired upfront for an enterprise value not exceeding Rs. 245 crore. Balance 49% will be acquired over the next 3 years at a valuation linked to the financial performance of the company.

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