Tech Mahindra intimates of modification in terms of acquisition of Zen3 Infosolutions (America) Inc.

Tech Mahindra announced the modification in terms of acquisition of the 100% stake in Zen3 Infosolutions (America) Inc. as under -

(a) at Sr No. 6 - the transaction is expected to be closed by 15 April, 2020
(b) at Sr. No. 8- $35mn will be paid at closing, deferred payment of $4mn to be paid over 2 years and balance $25mn will be paid over 3 years linked to financial performance.

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