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Mahindra Satyam posts FY09, FY10 results

September 29, 2010

Mahindra Satyam on Wednesday reported net losses for FY2009 & FY2010, giving the first view of its financial state almost 2 years after it was hit by India’s biggest corporate fraud.

Shares in Satyam ended just 0.1 percent higher at 98.9 rupees ahead of results announcement.

Tech Mahindra will start the process to merge outsourcer Mahindra Satyam with itself by mid-November, a top official said on Wednesday.

The stock is up nearly 1 percent so far this year, do you think it’s wise to invest in this stock at this stage?

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