Satyam is no more; to live on as part of Tech Mahindra

Once a darling of the Indian IT sector and the stock market, the scam-hit erstwhile Satyam has formally ceased to exist as an individual entity by formally merging with Tech Mahindra.

Mahindras to merge Satyam with TechM to create $2.4bn IT giant

The diversified Mahindra Group Wednesday announced the long-awaited merger of Mahindra Satyam with its another technology arm Tech Mahindra in an all-share deal.