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SAY Tech Mahindra's Arm Wins Satyam Bid At Rs.58/Share
Satyam Announces Tech Mahindra As Highest Bidder At Rs 58/Share
Satyam Computers Ltd. (SAY | Quote | Chart | News | PowerRating) announced that its board of directors has selected Venturbay Consultants Pvt. Ltd., a subsidiary controlled by Tech Mahindra Ltd., as the highest bidder to acquire a controlling stake in the company, subject to the approval of the Company Law Board or CLB. Satyam employees seem to be relieved, as the three-month saga comes to an end.
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