CCI clears merger of 5 companies into Tech Mahindra

May 02, 2012

The Competition Commission of India has approved the merger of Mahindra Satyam, Venturbay Consultants, C&S Systems, Mahindra Logisoft and CanvasM into Tech Mahindra. The companies provide IT services. The CCI found that the merger is "not likely to have an appreciable adverse effect on competition in India," and that the combined market shares of the companies is insignificant.

Full content: Economic Times

 

Related contentThe New Indian Merger Control Regulations: How Does the Balance Tilt? (Vijaya Sampath & Ankita Goel De Mallik, Bharti Enterprises)

 

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