Indian information technology company Tech Mahindra said Wednesday that it is absorbing scandal-plagued rival Mahindra Satya in a $1 billion, all-stock transaction.
As The Am Law Daily has previously reported, Tech Mahindra, a joint venture between British Telecom and Mahindra & Mahindra, purchased a majority stake in Mahindra Satya )then called Satyam Computer Services) for $600 million in an Indian government-sponsored auction in 2009.
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