Tech Mahindra is planning to use a mix of debentures, bonds, bank debt and cash to fund its Rs29bn ($585m) takeover of Satyam Computer Services as it seeks to quickly cement its hold on the scandal-tainted group, people familiar with the deal said on Wednesday.

The company has Rs7bn in cash and is raising about Rs9.5bn in non-convertible debentures, Rs2.5bn in bank loans from HSBC and Indian institution IDFC as well as Rs6bn in bonds – with additional funding coming from group companies.