Satyam, Tech Mahindra to consider merger
Bangalore - Arabstoady
The boards of Satyam Computer Services and Tech Mahindra services providers part of the Mahindra group, will meet on Wednesday to consider a merger, the companies said on Tuesday in separate statements. Billionaire Anand Mahindra purchased Satyam in a government-sponsored sale in 2009 after the founder of the Hyderabad-based software services provider admitted to one of the largest accounting frauds in India. Mahindra is seeking to create a consolidated IT services powerhouse by merging Satyam and Tech Mahindra.
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