Tech mahindra
Tech mahindra

Tech Mahindra Completes Share Swap

Achieves key mile-stone in concluding the merger process

Mumbai – July 12, 2013 - Tech Mahindra Ltd. a specialist provider of connected solutions to the connected world and enabling future digital enterprises, today announced that it has completed the process of allocating shares of Tech Mahindra Ltd. to the shareholders of erstwhile Satyam Computer Services Ltd. This also means that the issued capital of the company has gone up from earlier 129mn shares to 232mn shares.

Subsequent to the Scheme of Amalgamation between Mahindra Satyam and Tech Mahindra becoming effective, the Board of Directors fixed July 5, 2013 as the Record Date for Mahindra Satyam shareholders. The shares swap has since been completed and the Stock Exchanges have accorded their approval for trading the new shares effective July 12, 2013.

Commenting on this development, Jayaraman G, Company Secretary & Chief Compliance Officer said, “This is a very important milestone for Tech Mahindra, as we move ahead in our new journey. The quick completion of share swap indicates our commitment to create value for our shareholders.

Earlier, the Scheme of Amalgamation and Arrangement was approved by the Hon’ble High Courts of Andhra Pradesh and Mumbai. The company then had launched Tech Mahindra as the brand identity of the merged entity.


Tech Mahindra represents the connected world, offering innovative and customer-centric information technology services and solutions, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.2 billion company with 107,200+ professionals across 90 countries, helping over 818 global customers including Fortune 500 companies. Our innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value to our stakeholders. Tech Mahindra is also amongst the Fab 50 companies in Asia as per the Forbes 2016 List.

We are part of the USD 17.8 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractorsutility vehicles,after-marketinformation technology and vacation ownership.

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