Tech Mahindra’s open offer for a 20 per cent stake in Satyam Computer Services will commence on June 12 and close on July 1. The offer follows the acquisition of a 31 per cent stake in the company last week. Tech...
Germany okays Satyam stake sale to Tech Mahindra
Satyam Computer Services has said it received clearance from the Seventh Division of the Federal Cartel Office of Germany for the acquisition of a controlling stake in the company by Tech Mahindra. Satyam also announced...
We got Satyam at walk-away price: Mahindra
It all began way back in 1986, with a not-so-princely sum of Rs 1 crore, when Keshub Mahindra set up Tech Mahindra jointly with BT to get into telephony business in Maharashtra. But the government turned down his plan...
Tech Mahindra deposits money for acquiring Satyam
Venturbay Consultant, the subsidiary of Tech Mahindra has deposited Rs 2,910 crore in the escrow accounts for the acquisition of 51 per cent stake in Satyam. Tech Mahindra had to pay Rs 1,756 crore ($351 million) for...
Satyam to continue as independent entity’
Tech Mahindra, which has deposited Rs 2,910 crore to acquire 51 per cent stake in Satyam Computer Services, has said that it will allow Satyam to continue as an independent entity with a few changes. The company, which...
Tech Mahindra gets CLB nod for Satyam buyout
The Company Law Board today approved Tech Mahindra’s proposed acquisition of a 31 per cent stake in Satyam Computer and asked the buyer to deposit Rs 1,756 crore for the deal by April 21 in a designated account...
Satyam ‘weeping orphan’ adopted by Tech Mahindra: CLB
Calling Satyam a "weeping orphan", the Company Law Board (CLB) today said the Hyderabad-based company will now be adopted and nurtured by Venturbay, a subsidiary of Tech Mahindra. Preferring to...
Satyam buy may hasten BT’s exit from Tech Mahindra
Tech Mahindra’s acquisition of a controlling stake in Satyam Computer Services may speed up BT’s exit from the telecom solutions company, it is reliably learnt. The UK-based telecom company has been looking...
INOX’s Buyout Of Satyam Cineplexes Hits Roadblock
In a bid to expand its footprint across the country, multiplex chain INOX Leisure Ltd (INOX) had proposed to acquire Satyam Cineplexes Ltd in July 2014 for Rs 182 crore. Satyam has nine multiplexes, including three in...
Mahindra Satyam: Back From The Brink!
In September 2008, Satyam, the then sixth largest India-based IT services company, received the coveted “Golden Peacock Global Award for Excellence in Corporate Governance”. Then, just four short months after this...
Tech Mahindra Successfully Merges Satyam With Itself
Tech Mahindra completed Satyam’s merger with itself. The merged entity will be called Tech Mahindra and Mr. Anand Mahindra will be its Chairman. Tech Mahindra Managing Director, C. P. Gurnani announced that the swap...
Digital lending platform LoanTap acquires Unofin
Digital lending platform LoanTap said it has acquired Unofin, a healthcare-focused fintech startup, for an undisclosed sum. With this acquisition, LoanTap aims to leverage Unofin’s expertise in healthcare...