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Tech Mahindra Ltd Announces Scheme Of Amalgamation And Arrangement


Sunday, 7 Jul 2013 11:28pm EDT 

Tech Mahindra Ltd announced that with reference to the earlier Announcement dated June 25, 2013 in connection with fixation of record date i.e. July 05, 2013, for determining the shareholders of Satyam Computer Services Limited (Mahindra Satyam) who would be entitled to receive shares of the Company under the approved Scheme of Amalgamation and Arrangement, Tech Mahindra Ltd has informed that in accordance with the approved swap ratio i.e. two equity shares of INR10 each fully paid up in respect of 17 equity shares of INR2 each fully paid up of Mahindra Satyam, the Securities Allotment Committee of the Board of Directors on July 06, 2013 have allotted 103,485,396 equity shares of face value INR10 each fully paid of the Company to the shareholders of Mahindra Satyam. 

Company Quote

2423.25
-44.75 -1.81%
6:26am EDT