Tech Mahindra Ltd., the Indian software-services company that bought Satyam Computer Services Ltd., is considering acquisitions to curb its dependence on telecommunications clients.
India’s Tech Mahindra Ltd. will buy Satyam Computer Services Ltd. in a stock deal that values the target at $1.8 billion to form the country’s fifth-largest software services company.
Tech Mahindra Ltd. , partly owned by BT Group Plc ., plans to acquire software companies in Latin America to help more than double sales in the next three years.
Polaris Financial Technology Ltd., an Indian software maker, rose the most in a month in Mumbai trading after a media report that Tech Mahindra Ltd. may buy its information technology services unit for about $400 million.
AT&T Inc., the biggest U.S. phone company, sold a 7 percent stake in Tech Mahindra Ltd., which controls India’s Satyam Computer Services Ltd., after exercising an option to buy 8 percent last month.
The following companies may have unusual price changes in India trading . Stock symbols are in parentheses and share prices are as of the last close .
BT Group Plc may wait for Tech Mahindra Ltd. to merge with Mahindra Satyam Ltd. before BT sells its stake in Tech Mahindra, the Hindu Business Line reported, citing people it didn’t identify.
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