SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Mahindra Satyam continues to trade firm for second consecutive session

22 Mar 2012 Evaluate

Mahindra Satyam is currently trading at Rs 80.20, up by 2.65 points or 3.42% from its previous closing of Rs 77.55 on the BSE.

The scrip opened at Rs. 77.90 and has touched a high and low of Rs 81.40 and Rs 76.75 respectively. So far 4739282 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 81.40 and Rs 69.05 respectively. The current market cap of the company is Rs 9508.53 crore.

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

Tech Mahindra has approved the amalgamation of Satyam Computer Services with itself. The exchange ratio for the merger of Tech with Satyam has been pegged at 2:17, i.e. 2 shares of Tech Mahindra for 17 shares of Satyam, which implies that shareholders will get one share of Tech Mahindra for every 8.5 shares of Satyam. Tech Mahindra will issue 10.34 crore new shares, thereby increasing its outstanding shares to 23.08 crore and its equity capital to Rs 230.8 crore.

The merger between technology outsourcing firms Mahindra Satyam and Tech Mahindra will lead to the constitution of a new management structure to guide the combined entity, thereby creating new off shore leader, which would be fifth largest player in the listed IT services space, with combined revenues of approximately $2.4 billion, approximately 75,000 plus strong work force and 350 plus active clients, across 54 countries. Further towards the development, Mahindra Satyam is likely to hire a firm to advise the combined entity on operational issues and matters pertaining to strategy and human resources.

On a pro-forma basis, the Mahindra Group will own 26.3% in the combined entity, British Telecom will own 12.8%, 10.4% will be held as treasury stock, 34.4% to be held by the public shareholders of Mahindra Satyam and the balance 16.1% will be held by the public shareholders of Tech Mahindra.

The board of directors of both the company in their meeting held on March 21, 2012, approved the proposal to merge Mahindra Satyam with Tech Mahindra along with certain wholly owned subsidiaries of Mahindra Satyam and Tech Mahindra.

Peers
Company Name CMP
TCS 2577.10
Infosys 1318.90
HCL Tech. 1450.70
Wipro 210.20
Tech Mahindra 1490.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×