Tech Mahindra snaps up the rest of Mahindra Satyam

The merger, valued at about $1.2 billion, will make the combined entity the fifth largest IT services company in India.

Tech Mahindra snaps up the rest of Mahindra Satyam

Tech Mahindra, which already owns 43% of Mahindra Satyam formerly Satyam Computer Services, said this week that it will buy the remainder of the company to form India’s fifth-biggest software services company. The stock deal is valued at about $1.2 billion.

The combined entity will have a market cap of about $3.4 billion, revenues of about $2.4 billion, employ more than 75,000 people and do business with about 350 clients across 54 countries....

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