Zen3 revenue for six month period ended June 30, 2019, was $25 million (about Rs 180 crore). Tech Mahindra expects the deal to close by April 1, 2020
Agrawal said that Zen3 capabilities can be leveraged by Tech Mahindra in developing various voice-based applications, autonomous car projects etc.
In a separate filing, Tech Mahindra announced a dividend of Rs 10 per equity share for 2019-20.
"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 per cent," CP Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra said.
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