Tech Mahindra raises Rs.600 crore to fund Satyam acquisition

Tech Mahindra raises Rs.600 crore to fund Satyam acquisition

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IT major Tech Mahindra, which needs to pay Rs.1,756 crore for acquiring 31 percent stake in the troubled IT firm Satyam Computer Services, Saturday said it has raised Rs.600 crore through debt instrument.The government-appointed board of Satyam Monday named Venturbay - a subsidiary of Tech Mahindra - as the winner of the auction to sell [...]

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