Tech Mahindra modifies terms of stake acquisition in Zen3, Cerium Systems

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Tech M, in a regulatory filing on Friday, said the Zen3 Infosolutions transaction is now expected to be closed by April 15, and USD 35 million will be paid at closing with a deferred payment of USD 4 million to be paid over two years. The balance USD 25 million will be paid over three years linked to financial performance, the filing added.

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