Tech mahindra
Tech mahindra

Satyam receives SEBI approval

Hyderabad, 22 April 2009: Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the "Company"), announced today that the Securities and Exchange Board of India (the “SEBI”) had, by letter dated 20 April, 2009 (the “SEBI Letter”), as clarified by a letter dated 21 April, 2009 (the “SEBI Clarification Letter”), granted certain relaxations/exemptions/permissions from strict compliance with applicable SEBI regulations in connection with the process followed by the Company pursuant to Regulation 29A of the SEBI Takeover Regulations to select an investor.

As previously disclosed by the Company, SEBI had previously granted certain in-principle exemptions/relaxations from applicable SEBI regulations and guidelines in connection with the process to be followed by the Company pursuant to Regulation 29A of the SEBI Takeover Regulations to select an investor.

This press release, the SEBI Letter and the SEBI Clarification Letter are being furnished to the U.S. Securities and Exchange Commission (the “SEC”) on Form 6-K, and are available to the public over the Internet on the SEC’s website at http://www.sec.gov.


Satyam Contacts:

For clarifications, write to us at MediaRelations@Satyam.com Or contact our global Satyam PR representatives at:

India

Archana Muthappa

Archana_Muthappa@Satyam.com

+91-984-518-3710

US

Bob Olivier

Robert_Olivier@satyam.com

+1-301-654-0535

Europe

Sandeep Thawani

Sandeep_Thawani@Satyam.com

+44-783-010-3838

Asia-Pacific

Dan Bleakman

Dan@howorth.com.au

+61-439-408-484

 

Reshma Wad Jain

Reshma@wer1.net

+65-98-140-507

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Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.4 billion company with 117,600+ professionals across 90 countries, helping over 840 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is amongst the Fab 50 companies in Asia as per Forbes 2016 list.

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

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