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MahSatyam -TechM merger approved : Swap ratio 2:17

, March 21, 2012, 0 Comments

Boards of Mahindra Satyam[stockquote]SATYAMCOMP[/stockquote] and Tech Mahindra [stockquote]TECHM[/stockquote]at their respective meetings today approved the proposed merger of Mahindra Satyam with Tech Mahindra along with wholly-owned subsidiaries.  Swap ratio of 2:17 i.e. shareholder of Mahindra Satyam will get 2 shares of Tech Mahindra for every 17 shares held by them.