Tech Mahindra board nods to buy 100% stake in Zen3 Infosolutions (America)


By MYBRANDBOOK


Tech Mahindra board nods to buy 100% stake in Zen3 Infosolutions (America)

Tech Mahindra board has approved the proposal of acquiring 100% stake in Zen3 Infosolutions (America).

 

The company said, initially $42 million will be paid during the closure of the deal and another $22 million will be paid over three years, which will be linked to Zen3's financial performance.

 

Tech Mahindra on Monday declared interim dividend of ₹10 per share.

 

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