The company made this announcement after market hours on Thursday, 2 September 2010.
Meanwhile, the BSE Sensex was down 31.37 points, or 0.17% at 18,206.94.
On BSE, 1.27 crore shares were traded in the counter as against an average daily volume of 19.07 lakh shares in the past one quarter.
The stock hit a high of Rs 92.15 and a low of Rs 83.25 so far during day. The stock had hit a 52-week high of Rs 124.70 on 10 September 2009 and a 52-week low of Rs 78.55 on 31 August 2010.
The stock had underperformed the market over the past one month till 2 September 2010, falling 4.89% as compared to the Sensex's return of 0.87%. It had also underperformed the market in the past one quarter, declining 3.62% as compared to the Sensex's return of 8.94%.
The company has an equity capital of Rs 235.27 crore. Face value per share is Rs 2.
Mahindra Satyam, the brand identity of Satyam Computer Services, has developed integrated migration solutions for healthcare payer organizations that would meet the new federal Health Insurance Portability and Accountability Act (HIPPA) rules, the company said in a statement. The Health Insurance Portability and Accountability Act (HIPAA) of 1996 was enacted by the US Congress in 1996.
Mahindra Satyam said it has already started deploying the solution through its latest win of a multi-million dollar deal with a large health insurer for re-engineering the electronic transaction system and upgrading the applications to make it compliant with the new rules.