AP High Court clears merger of Mah Satyam with Tech Mahindra AP High Court clears merger of Mah Satyam with Tech Mahindra
This scheme of amalgamation has already been cleared by various
institutions such as Competition Commission of India, Bombay Stock
Exchange, National Stock Exchange and Bombay High Court.
PTI - New Delhi,
- Updated Jun 11, 2013, 5:45 PM IST
The Andhra Pradesh High Court on Tuesday gave its approval for the merger of
Mahindra Satyam with
Tech Mahindra .
Justice N R L Nageswara Rao, while dismissing other petitions seeking stalling the merger, said the investigation into the alleged fraud committed by Satyam computer's former Chairman B Ramalinga Raju and others would continue.
This scheme of
amalgamation has already been cleared by various institutions such as Competition Commission of India, Bombay Stock Exchange, National Stock Exchange and Bombay High Court.
Last year,
Tech Mahindra and Mahindra Satyam announced their intention to merge aming to create a $2.4 billion entity.
Published on: Jun 11, 2013, 4:18 PM IST
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