Announced
Financials
Sources
Tags
big data
Completed
United States
Software
Private
information services
Cross Border
artificial intelligence
machine learning
Acquisition
Single Bidder
Majority
Friendly
Synopsis
Tech Mahindra, an IT services provider, completed the acquisition of Zen3 Infosolutions, an AI and cloud services provider, for $64m. "It has been a quarter of strong growth with substantial operational and financial metrics improvement. This quarter also witnessed healthy cash flow generation, and with a view to returning enhanced value to our shareholders, we are announcing an interim dividend of Rs 10 per equity share i.e. 200%," CP Gurnani, Tech Mahindra, Managing Director and CEO.
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