Deepak Shikarpur, chairman of the Computer Society of India, said it was good news for shareholders. He said it would mean a lot for Satyam staffers in Pune. “Tech Mahindra enjoys immense customer confidence and it has the professional leadership to handle Satyam. But like any acquisition, there will be some impact on the employees. For that we have to wait and watch,” he said.

Vineet Nayyar, vice chairman and CEO of Tech Mahindra, said, “Satyam’s and Tech Mahindra’s profiles complement each other. After the decision of the Company Law Board (its clearance is necessary), we’ll work with Satyam’s customers, partners, employees and stakeholders to restore confidence in the company and create a platform for future growth.”