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"Tech Mahindra, Mahindra Satyam boards to consider merger today"

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Wednesday, 21 March 2012

"Tech Mahindra, Mahindra Satyam boards to consider merger today"


 

HYDERABAD: IT major Tech Mahindra on Tuesday said a board meeting will be held on Wednesday to consider Mahindra Satyam's merger with itself. 

Mahindra Satyam, erstwhile Satyam Computer Services, in a separate filing with BSE also said that the amalgamation will be considered in a board meeting on Wednesday.Tech Mahindra took over reins of the company in April, 2009 and rebranded it as Mahindra Satyam. 

Shares of TechM closed at Rs 645.35 up 5.13% over previous close and shares of Satyam closed at Rs 74.15 up 4.66%.

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