T Hari, Chief Marketing Officer of Mahindra Satyam says that company is seeing embargoes against the company to be lifted. The revenue from GSK deal spread is equally over 5 years. GSK is among top 10 clients for the company. Mahindra Satyam managed to get 500 associates on to Tech Mahindra projects. The company brought back 700 associates back from virtual pool.He further added that they have not seen sizeable/major client slide from April 13 & have started seeing stability. The total employee strength is at about 38,000. He added that it would be safe to presume no significant change in revenues. The official results are likely to be declared by December.
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- Tech mahindra wins bid for Satyam; to pay Rs 1757 crore for 31% at Rs 58/share
- Tech Mahindra has registered interest in participating in Satyam bid
- Bid price has come within the expected range – Satyam Bid
- Satyam board is leaning towards 31% plus open offer

