The Satyam Story

Satyam gets nod for fresh issue to Tech Mahindra Wednesday, 8 Jul 2009

MUMBAI (Reuters) - Mahindra Satyam said it had approval from the Company Law Board to preferentially allot new shares to Tech Mahindra, after a poor response to a public offer to shareholders. Full Article

Tech Mahindra to boost Satyam stake further Monday, 6 Jul 2009

BANGALORE (Reuters) - Tech Mahindra said on Monday it would still look to boost its stake in Mahindra Satyam through a purchase of new shares direct from Satyam, after a public offer received a poor response. Full Article

Mahindra Satyam open offer gets poor response Monday, 6 Jul 2009

MUMBAI (Reuters) - Indian software services firm Tech Mahindra Ltd said on Monday its open offer to the shareholders of Mahindra Satyam received less than 0.1 percent of the outstanding shares. Full Article

Govt to recall 4 govt directors from Satyam board Friday, 3 Jul 2009

NEW DELHI (Reuters) - Four of the six government nominated directors will be withdrawn from the board of Indian outsourcer Mahindra Satyam Ltd, the chairman of India's Company Law Board (CLB) said on Friday. Full Article

Tech Mahindra's open offer for Satyam ends Wednesday, 1 Jul 2009

BANGALORE (Reuters) - Tech Mahindra's public offer to acquire an additional stake in Mahindra Satyam ended on Wednesday, and analysts said the offer would have received a poor response due to a spike in the share price of the fraud-hit outsourcer. Full Article

Tech Mahindra to absorb Satyam at some stage Tuesday, 23 Jun 2009

MUMBAI (Reuters) - Tech Mahindra plans to absorb its new unit Mahindra Satyam to create a top-tier Indian outsourcing firm, the vice chairman of the two outsourcing firms said on Tuesday. Full Article

Maytas Infra seek CDR worth 6 bln rupees Thursday, 2 Jul 2009

MUMBAI (Reuters) - Builder Maytas Infra Ltd said on Thursday it asked for a corporate debt restructuring package worth 6 billion rupees from its lenders including State Bank of India and ICICI Bank. Full Article