Reportedly, the government now seeks to cancel the appointment of six directors as the company is owned by a new proprietor.

The Centre is expected to move the Company Law Board this week for summoning up these directors to hand over efficiently the management to the latest proprietor of IT company, Tech Mahindra six months after the government outmoded Satyam Computer’s board and selected its candidates on it.

Tech Mahindra is expected to increase nearly Rs.1, 000crore through its projected QIP with a purpose of decreasing nearly valued at Rs.500 to Rs.1, 000crore of its remaining debt.