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Tech Mahindra board approves proposal to acquire 100% stake in Zen3 Infosolutions (America)

1 min read . Updated: 24 Feb 2020, 07:13 PM IST Written By J. Jagannath

Tech Mahindra will pay another $22 million over three years, which will be linked to Zen3's financial performance

Tech Mahindra said $42 million will be paid initially when the deal gets closed

Tech Mahindra board on Monday approved proposal to acquire 100% stake in Zen3 Infosolutions (America).

Tech Mahindra said $42 million will be paid initially when the deal gets closed 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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