AZB acts on Mahindra Satyam merger with Tech Mahindra

Bar & Bench March 22 2012

Mahindra Satyam is merging with its parent entity Tech Mahindra, in a stock deal valued at about $1 billion.

The exchange ratio approved by both the boards is 2 shares of Tech Mahindra (face value of Rs. 10 each), for every 17 shares of Mahindra Satyam (face value of Rs. 2 each), according to the company press release.

AZB & Partners acted as sole legal advisor on this transaction. The team was led by Partner Abhijit Joshi along with Senior Associate Nandish Vyas . . .

This content is restricted to subscribers