As per the exchange ratio approved by the valuers and both the boards, shareholders of Mahindra Satyam will receive two equity shares of face value Rs 10 each of Tech Mahindra for 17 equity shares of face value Rs 2 each of Mahindra Satyam. The merger is effective from April 1, 2012.
In April 2009, Tech Mahindra, the infotech subsidiary of Mahindra and Mahindra, had won the bid to acquire Satyam COmputer, which was at that time India's fourth largest software exporter. Tech Mahindra offered Rs 58 for each equity share of Satyam Computer.
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