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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