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Mahindra Satyam, Tech Mahindra swap ratio at 2:17
On our show, Tips for Tomorrow, Ashutosh Sinha, Gul Teckchandani, Investment Strategist and T S Harihar, Senior Vice President at ICICI Securities, discuss the market performance.
21 Mar 2012, 10:18 AM IST 
Shinzo Nakanishi, Managing Director, Maruti Suzuki India
The Board of Directors of Mahindra Satyam has decided to merge the company with Tech Mahindra Limited (TML). In a statement to the Bombay Stock Exchange Mahindra Satyam said, "All assets and liabilities of the company will be transferred to and vested in Tech Mahindra at book values."The swap ratio has been decided at 2:17, which means that Mahindra Satyam shareholders will get two shares of Tech Mahindra for every 17 shares they hol...
