Tech Mahindra to announce 20 percent open offer for Satyam Tuesday

Tech Mahindra to announce 20 percent open offer for Satyam Tuesday

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HYDERABAD - Tech Mahindra, the new owner of scam-hit Satyam Computer Services, will announce an ‘open offer’ Tuesday to obtain an additional 20 percent stake in the software major, Satyam chairman Kiran Karnik said here Monday.

Tech Mahindra, which deposited Rs.2,910 crore (Rs.29.1 billion) in an escrow account Monday for a 31 percent stake in Satyam, [...]

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