Tech Mahindra sees merger intent out in 2-3 weeks

"(The merger) does take time with the high court approval and the SEBI approval and various things," said L. Ravichandran, president of IT services at Tech Mahindra, referring to the market regulator Securities and Exchange Board of India.
"So it could take some time," he said at the Reuters India Investment Summit in Bangalore on Wednesday.
Tech Mahindra, which acquired Mahindra Satyam in April last year and is operating it as a separate unit, has said it can only merge the fraud-hit firm into the parent after the restated results of Satyam are announced.
Mahindra Satyam, which has not reported results beyond the September quarter in 2008, is scheduled to report its restated results on Wednesday.

Posted in: HYD Flashnews,National News