Mahindra Satyam need not necessarily be merged with Tech Mahindra. It could even be the other way round,hinted Anand Mahindra,vice-chairman and managing director,Mahindra and Mahindra,here today. Obviously the end goal is to merge the two companies. We have not yet decided which company will merge with which. We will decide that once the accounts are in hand, Anand Mahindra said on the sidelines of a conference here. Replying to a query on the accounts of Satyam Computer,he said the restatement of accounts is not something that is in his hands. We are hoping to complete the process. But it is not in our control. The audit is being done by KPMG and others. However,the merger will definitely take place, said Mahindra. Incidentally,the Company Law Board (CLB) has set June 30 as the deadline for Mahindra Satyam to file its re-stated accounts. The CLB had earlier set December 31 last year as the deadline for the IT firm to restate accounts. However it allowed an extension,given the complex process of accounting in the fraud-hit Satyam Computer.
