Mahindra Satyam to be merged into TechM

The much-awaited merger between Tech Mahindra and Mahindra Satyam happened finally, when the boards of the two companies met today. The merger will create India’s fifth largest information technology services firm, with a combined revenue of over Rs 10,000 crore. Swap ratio at 17 Satyam shares for every two Tech Mahindra shares. Click here for Cloud Computing Also Read Related Stories News Now - TechM, Mahindra Satyam to merge, boards meet today - Satyam, Tech Mahindra to consider merger tomorrow - Mahindra Satyam gains 2% on share purchase by ADAG - Mahindra Satyam gains 3% on acquisition of US BPO - Mahindra Satyam buys vCustomer's int'l operations for $27 mn - Tenders for second runway in Nagpur soon: Chavan The merger will be effective from April 1, 2011. v Details awaited...