Satyam sale to Tech Mahindra gets German approval

Tech Mahindra has overcome almost the last hurdle in its acquisition of Satyam Computer Services, as the company today said that it had received the crucial anti-trust approval from Germany's competition watchdog, the Federal Cartel Office.

The Pune-based Tech Mahindra still requires anti-trust clearance from the US, but this seems a formality.

It has already got clearances from the domestic bourses, according to the statement issued by Satyam.

Venturebay Consultants Pvt. Ltd, the Tech Mahindra unit, last week won a bid to acquire a majority stake in Hyderabad-based Satyam.