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Tuesday, May 24, 2011

Satyam-Tech Mahindra merger likely in 2012: report

The report stated that the company is in talks with the US regulator, Securities and Exchange Commission (SEC), to clear certain issues

The merger of Mahindra Satyam with its parent company Tech Mahindra will take place by 2012, according to a report.

The report stated that the company is in talks with the US regulator, Securities and Exchange Commission (SEC), to clear certain issues and is hopeful of its relisting on the New York Stock Exchange (NYSE).

Mahindra Satyam chief executive C P Gurnani has reportedly said that the company plansto add about 12,000 staffers over the next four to five quarters.

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