Mahindra Satyam and Tech Mahindra will merge soon. In an interview to CNBC-TV18, Kuldeep Koul, IT analyst at I-Sec says, the swap ratio is broadly inline with expectations. The swap ratio is marginally in favour of Tech Mahindra.
Once a star performer among the mid-tier IT companies, MphasiS has been a laggard this year, especially as a decline in revenue coming via its parent Hewlett Packard (HP) has hurt its earnings in the last few quarters.