Press Esc to close
Wednesday 24 May 2017
News updated at 9:44 AM IST

Tech Mahindra falls; merger with Satyam delayed

Mar 26, 2013 Reuters 11:42 IST
Reuters

Shares in Tech Mahindra Ltd fall 1.9 percent, while Satyam Computer Services Ltd drops 1.6 percent, a day after the companies said a long-planned merger between the two had been delayed by an additional six months up to September 30.

The companies did not give a reason for the delay in their exchange filing.

Brokerage Sharekhan says in an email to clients that the delay is "sentimentally negative" for the stocks, attributing the reason to opposition to the merger from the Andhra Pradesh High Court.

"While business has been as usual for both the entities and Tech Mahindra has already started seeing a lot of synergistic benefits from Satyam, the Street has been pricing in the merger," says Sharekhan

Go to Top

Photo Gallery
Helpers attend to injured people inside the Manchester Arena...

Helpers attend to injured people inside the Manchester Arena...

South Korean army's K-55 self-propelled howitzer fires during the annual exercise in Paju

South Korean army's K-55 self-propelled howitzer fires during the annual exercise in Paju

President Donald Trump pauses as he makes a statement...

President Donald Trump pauses as he makes a statement...

Delhi Chief Minister Arvind Kejriwal at an interaction with...

Delhi Chief Minister Arvind Kejriwal at an interaction with...

A shopkeeper looks for valuables and documents in the debris...

A shopkeeper looks for valuables and documents in the debris...

HP State Electricity Board Employees Union members shout slogans...

HP State Electricity Board Employees Union members shout slogans...

Congress and CPM leaders, activists raise slogans against the West Bengal...

Congress and CPM leaders, activists raise slogans against the West Bengal...

Former Union Minister and senior Congress leader Mani Shankar Aiyar with Center for Peace...

Former Union Minister and senior Congress leader Mani Shankar Aiyar with Center for Peace...

In this NASA provided frame from video, NASA astronaut Jack Fischer...

In this NASA provided frame from video, NASA astronaut Jack Fischer...

Actor Brad Pitt gives his autographs for fans...

Actor Brad Pitt gives his autographs for fans...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.