Mah Satyam-Tech Mah to appoint bankers to fasten merger

The merger process of Mahindra Satyam and Tech Mahindra is soon gathering steam. It is on the look out to appoint bankers to finalise the merger details. However, the tussle with the taxman may play spoiltsport, reports CNBC-TV18 quoting sources.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Business

Aug 30, 2011, 06.13 PM | Source: CNBC-TV18

Mah Satyam-Tech Mah to appoint bankers to fasten merger

The merger process of Mahindra Satyam and Tech Mahindra is soon gathering steam. It is on the look out to appoint bankers to finalise the merger details. However, the tussle with the taxman may play spoiltsport, reports CNBC-TV18 quoting sources.

Like this story, share it with millions of investors on M3

Mah Satyam-Tech Mah to appoint bankers to fasten merger

The merger process of Mahindra Satyam and Tech Mahindra is soon gathering steam. It is on the look out to appoint bankers to finalise the merger details. However, the tussle with the taxman may play spoiltsport, reports CNBC-TV18 quoting sources.

Post Your Comments

Share Cancel

Kritika Saxena (more)

Reporter, CNBC-TV18 |

The merger process of Mahindra Satyam and Tech Mahindra is soon gathering steam. It is on the look out to appoint bankers to finalise the merger details. However, the tussle with the taxman may play spoiltsport, reports CNBC-TV18's Kritika Saxena quoting sources.

It is learnt that legal advice has been sought to settle tax issue with govt before merger. The company is in talks to negotiate tax settlement but may even push the merger process to January if the tax case is not settled. The companies have to meet the deadline of October 2011 to begin the merger proceedings.

However, calling it a market speculation, Mahindra Satyam has refused to comment at this development.

Mahindra Satyam had two tax cases pending with the taxmen claiming over Rs 2700 crore for both.

Also watch the accompanying video.
 

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Mah Satyam-Tech Mah to appoint bankers to fasten merger

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login