Premium
This is an archive article published on June 18, 2009

TechM gets US anti-trust nod for Satyam open offer

TechM said the condition to the offer with respect to anti-trust approval has been satisfied.

google-preferred-btn

IT firm Tech Mahindra said it has received approval from the US anti-trust authority regarding its Rs 1,154 crore open offer for the purchase of an additional 20 per cent stake in Satyam Computer.

In a filing to the stock exchanges Tech Mahindra said 8220;our request for early termination of the applicable waiting period relating to the offer has been granted under the Hart-Scott-Rodino Antitrust Improvements Act of 19768230;8221;.

Tech Mahindra further said that 8220;the condition to the offer with respect to anti-trust approval under the Hart-Scott-Rodino Act has been satisfied.8221;

The anti-trust approval in the US was needed as both the companies 8212; Satyam and Tech Mahindra 8212; have technology outsourcing work in the United States,and also because Satyam is listed on the NYSE.

The open offer has already got anti-trust approval from Germany8217;s competition regulator,the Federal Cartel Office,and India8217;s tow premier bourses Bombay Stock Exchange and National Stock Exchange.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog

Photos

In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
The Bharatiya Janata Party Thane city celebrated its victory in the Maharashtra Nagar Panchayat/Nagar Parishad elections.
BJP scores big in Maharashtra local polls: what it means for party's allies, also Opposition
Collector Tina Dabi finds herself in crosshairs of college students protesting fee hike
Collector Tina Dabi finds herself in crosshairs of college students protesting fee hike
Even though these movies were helmed by the most prolific filmmakers in both industries, they failed to replicate the success of the Malayalam original, written by Sreenivasan.
Even Rajinikanth and Shah Rukh Khan couldn't recreate the magic Sreenivasan once achieved in Malayalam with Mammootty
Govinda - salman Khan - kader Khan
Kader Khan nearly drowned after argument; Salman Khan was scared: Inside Govinda’s chaotic buddy comedies
The viral video shows the street vendor slicing a toast and roasting it on a traditional chulha
'Could your stomach handle this hygiene?’: Japanese creator criticises older man making egg toast with bare hands in Kolkata
Commenting on lifestyle changes, the NRI mentioned evolving fashion trends, particularly among women
'Hardly anyone using cash, girls wearing modern outfits’: NRI doctor expresses surprise at India's transformation in 7 years
Hardik Pandya Rinku Singh combo India T20 World Cup squad
T20 World Cup team: Why Rinku Singh-Hardik Pandya finisher combo will further liberate India's aggressive batters
Jemimah india vs sri lanka
India vs Sri Lanka: Jemimah Rodrigues puts on an offside masterclass as India return to action with a comfortable win in first T20I
Not English, neglect of rich bhashas is the problem
Not English, neglect of rich bhashas is the problem
Assam, PM Modi
PM Modi says Congress would have let 'Assam go to East Pakistan': The history
World's first Harry Potter themed hotel is all set to open in Europe
The world's first Harry Potter-themed hotel is all set to open in Europe
Fujifilm XE-5 review
Fujifilm XE-5 review: A camera that can overwhelm you with features
Advertisement
Must Read
T20 World Cup team: Why Rinku Singh-Hardik Pandya finisher combo will further liberate India's aggressive batters
Hardik Pandya Rinku Singh combo India T20 World Cup squad
India vs Sri Lanka: Jemimah Rodrigues puts on an offside masterclass as India return to action with a comfortable win in first T20I
Jemimah india vs sri lanka
'Felt like I didn't want to play this sport anymore': Rohit Sharma reveals feelings right after 2023 ODI World Cup final heartbreak vs Australia
Indian opener Rohit Sharma during the first ODI against South Africa in Ranchi. (PHOTO: AP)
Fujifilm XE-5 review: A camera that can overwhelm you with features
Fujifilm XE-5 review
iPhone Fold preview: When it’s coming and what to expect from Apple’s first foldable phone
iPhone Fold
What is ‘GhostPairing’ and why is CERT-In warning Indian WhatsApp users about it?
whatsapp-logo-express-photo_00f983
The world's first Harry Potter-themed hotel is all set to open in Europe
World's first Harry Potter themed hotel is all set to open in Europe
Advertisement
Buzzing Now
'Could your stomach handle this hygiene?’: Japanese creator criticises older man making egg toast with bare hands in Kolkata
The viral video shows the street vendor slicing a toast and roasting it on a traditional chulha
'Hardly anyone using cash, girls wearing modern outfits’: NRI doctor expresses surprise at India's transformation in 7 years
Commenting on lifestyle changes, the NRI mentioned evolving fashion trends, particularly among women
‘India soon to be a masking nation’: Mumbai man puts N95 mask on air quality monitor, AQI drops to almost 37; video sparks public outcry
In the viral video, the man first showed the AQI in his area, which is Juhu Beach.
'Why are you touching her?': drunk men attempt to hug Russian influencer and friend at beach; video sparks backlash
While Oksana immediately moved away, the men reportedly surrounded her friend
‘People in India are so nice’: tourist hails hotel for giving her medicines when she fell sick at night; emotional video wins hearts
The woman shares that she had been feeling under the weather and how a hotel staff member got her medicines
Dec 22: Latest News
Advertisement