Tech Mahindra declared highest bidder for Satyam
Tech Mahindra , India 's 6th largest software exporter, has been declared as the highest bidder for Satyam at a price of Rs 58/share, after a global competitive bidding process, which concluded today subject to approval of the Company Law board and other requisite approvals.
Mahindra Satyam, formerly Satyam Computer Services, has agreed to pay $125 million to settle a putative class action suit filed against it in a US District Court, southern district court of New York.