Although L&T had approached SEBI for a waiver from the lock-in period for selling its 6.9 per cent stake in Mahindra Satyam, the company has not yet received any answer, said Mr A.M. Naik, Chairman and Managing...
L&T yet to take call on Mahindra Satyam stake sale
Larsen & Toubro today said it is yet to take any decision on selling its stake in Mahindra Satyam, but has approached the market regulator SEBI for waiver of a clause under the standstill agreement...
Satyam denies reports on merger with Tech Mahindra
Satyam denies reports on merger with Tech Mahindra Satyam Computer Services Ltd on Tuesday denied reports that it may merge with software solutions provider Tech Mahindra. The $2-billion software exporter...
L&T ups Satyam stake, fuels M&A talks
L&T ups Satyam stake, fuels M&A talks The Larsen & Toubro Group is believed to have extended its purchases of Satyam Computer shares from the secondary market on Wednesday, taking advantage of the...
Satyam investors urge merger
Satyam investors urge merger HCL, MindTree in the fray. Facing the threat of a hostile takeover by a domestic or overseas company, including private equity firms, Satyam Computer Services’...
Tech Mahindra soars on Satyam stake buy buzz
Tech Mahindra soars on Satyam stake buy buzz Reports say that Tech Mahindra may be interested in acquiring Satyam as part of its strategy to evolve from a telecom industry focused IT firm to a full fledged IT services...
L&T seeks regulatory approval to sell Satyam stake
Engineering and construction giant, Larsen & Toubro (L&T), today said that it has sought regulatory approval to sell its stake in IT major, Mahindra Satyam. "We have sought permission from regulators as an...
L&T seeks SEBI nod to exit Mahindra Satyam
Engineering and construction major Larsen and Toubro has sought the Securities and Exchange Board of India’s approval to sell its stake in IT services company Mahindra Satyam. L&T will be able to exit the...
Satyam looking at buy-outs in Japan
Satyam looking at buy-outs in Japan Satyam Computers Services Ltd has charted an aggressive expansion plan for its Asia-Pacific operations, which currently accounts for 16.5 per cent of the company’s total...
Tech Mahindra ‘comfortable’ holding 43% in Satyam
The board of Mahindra Satyam which met on Friday allotted 19.86 crore shares to Venturebay Consultants – a subsidiary controlled by Tech Mahindra, taking the stake of the new owner to nearly 43 per cent. Mahindra...
Satyam shareholders rebuff Tech Mahindra’s open offer
Shareholders of Satyam have rebuffed the open offer made by IT firm Tech Mahindra as only 4,20,915 shares, or 0.1 per cent stake, in the company were tendered in the offer. IT firm Tech...
CLB authorises Mahindra Satyam to allot shares
The Company Law Board has authorised Mahindra Satyam to allot 19,86,58,498 equity shares of Rs two each to Venturebay. "The company (Mahindra Satyam) is authorised to issue and allot...