Mahindra Satyam & Tech Mahindra Going to merge in 2012 – Chairman Vineet Nayyar said

Subscribe to Freshers Jobs

Search 1000’s of local Job Postings ! Increase your chances to get your dream job.

Welcome to FreshersPlane, FreshersPlane Provide you latest Job Notifications , Career Opportunities, Government Jobs Information,

Don't forget to subscribe to email notifications to get all latest jobs directly to your email daily. We post more than 1000+ jobs every week.So,

While Declaring the Q2 results of Mahindra Satyam,  Chairman Vineet Nayyar said that Mahindra Satyam’s will Merge with its parent firm Tech Mahindra in the next year 2012.

“It is a process. We are looking at it when to commence it and we are hoping that by the next year, some time in later half of the year, this amalgamation will in fact take place,” he told reporters while declaring Q2 results of Mahindra Satyam.

Tech Mahindra winning the bid for the company in April 2009, a few months after Satyam was rattled by India’s biggest corporate fraud and made an indication of merging intention. But still That intention remains. In May this year, he hinted that the merger may be delayed as it is a legal process which has to go to two high courts.

Tech Mahindra Mostly Resolved almost all cases in the US which arose because of the fraud committed by the Satyam Before.

On the Income Tax department’s notice to pay Rs.616 crore tax, Mahindra Satyam CEO C.P. Gurnani said the demand on fictitious income was unreasonable. “That is the reason we have choosen to go to court and are seeking justice,” he said.

Let’s hope that this issue will be solved as soon as possible..



Find the Latest Jobs in our site for freshers , experience .List of walkings , fresher jobs, latest jobs,Govt Jobs, Sarkari Naukri for all engineering branches, all graduates, Apply for all jobs mentioned in our site.

Freshersplane is online web Platform working for graduates with aim is to to make the career searching task simpler and easier by providing them information about jobs which are relevant to them. Job Search, Latest Jobs, Government Jobs, Results

Powered by Indian Servers Competitive Exams Syllabus Colleges List TCS Next Step

Leave a Reply

Your email address will not be published. Required fields are marked *

1 × 4 =

Freshers Plane - 2017, 2016 and 2015 Freshers Job updates | Freshersplane Jobs | 2016 Freshers Job Updates | © 2017 Frontier Theme