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Mahindra Satyam jumps on acquiring vCustomer's International Operations

Mahindra Satyam Ltd. (Amalgamated) | IT - Software | IT & ITES | BSE: 500376 | NSE: SATYAMCOMP

09 Mar 2012 Evaluate

Mahindra Satyam is currently trading at Rs. 67.90, up by 2.25 points or 3.43% from its previous closing of Rs. 65.65 on the BSE.

The scrip opened at Rs. 66.75 and has touched a high and low of Rs. 68.50 and Rs. 66.75 respectively. So far 2,04,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.20 on 05-Jul-2011 and a 52 week low of Rs. 62.10 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 74.95 and Rs. 65.05 respectively. The current market cap of the company is Rs. 7,990.00 crore.

The promoters holding in the company stood at 42.65% while Institutions and Non-Institutions held 21.28% and 30.12% respectively.

Mahindra Satyam, a leading global consulting and IT services provider has made 100% acquisition of BPO firm vCustomer’s International operations for $27 million. This is the first 100% acquisition by Mahindra Satyam since it became part of Mahindra Group and marks the entry of Mahindra Satyam’s BPO operations into other verticals such as retail and consumer technology in addition to significantly enhancing technical support credentials.

The combination of vCustomer’s expertise in the retail and consumer technology verticals with Mahindra Satyam’s domain expertise and customer base will further strengthen the ability to address evolving market needs.

Mahindra Satyam is a leading global business and information technology services company that leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance.

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Mahindra Satyam jumps on acquiring vCustomer's International Operations

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