Tech Mahindra wins bid for Satyam

14 April 2009

India's Tech Mahindra has secured the winning bid for Satyam Computer Services, which has been struggling since its founder earlier this year confessed to staging India's biggest accounting fraud. The mid-level outsourcing firm will have to pay nearly $600m for a majority share of Satyam, which was India's fourth-largest outsourcer by revenues when the scandal broke.

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