“Obviously the end goal is to merge the two companies. We have not yet decided which company will merge with which. We will decide that once the accounts are in hand, Anand Mahindra told PTI on the sidelines of a conference here. Replying to a query on the accounts of Satyam Computers, he said the restatement of accounts is not something that is in his hands.
“We are hoping to complete the process. But it is not in our control. The audit is being done by KPMG and others. However merger will definitely take place”, said Mahindra.
Incidentally, the Company Law Board (CLB) has set June 30, as the deadline for Mahindra Satyam to file its re-stated accounts.
The CLB had earlier set December 31 last year as the deadline for the IT firm to restate accounts. However it allowed extension given the complex process of accounting in the fraud-hit Satyam Computers.