Tech Mahindra extends merger with Mahindra Satyam by six months
Tech Mahindra Ltd on Monday said it has extended the proposed merger of Mahindra Satyam with itself by six months.
Tech Mahindra will announce an open offer on Tuesday for a 20 per cent additional stake in scam-tainted Satyam even as it deposited Rs 2,910 crore for the majority stake in the IT firm, which the new owner said would continue as an independent company.