The Government nominated board of Satyam Computer Services has choosen its acquirer. It is Tech Mahindra. The future of Satyam now will be Tech Mahindra as they out bid L&T by 9 INR per share. According to what I have read in Times of India website, Tech Mahindra bid for INR 58 while L&T bid [...]
All posts tagged Satyam
Its Tech Mahindra finally: The Satyam aquirer
Posted by Hemal Shah on April 13, 2009
http://hemalshah.net/blogs/2009/04/its-tech-mahindra-finally-the-satyam-aquirer/
Satyam to fend off US Pension Fund suites
Satyam Computer Services, which is in the news for country’s biggest corporate and family fraud will limit its liability by saying a pension fund cannot join US litigation due the scandel. Not only US funds, but England, Norwegian and Danish funds are seeking compensation against losses they have made due to the Satyam fraud. Who [...]
Posted by Hemal Shah on April 11, 2009
http://hemalshah.net/blogs/2009/04/satyam-to-fend-off-us-pension-fund-suites/
Satyam future to be out soon? L&T is the winner anyways
Satyam’s future would be out soon? There are conflicting reports in the market about the stance of Spice Group. Some section of media is reporting that Spice group is being seen as the favorite for purchasing Satyam, while it is also being reported that Spice would move out of the Financial bid citing irregularities as [...]
Posted by Hemal Shah on March 25, 2009
http://hemalshah.net/blogs/2009/03/satyam-future-to-be-out-soon-lt-is-the-winner-anyways/
Satyam Update: A new owner may be in sight
SEBI has authorized Satyam to sell up 51 pc stake to a bid winner. Following which, Satyam has begun the procedure to select a bidder by inviting for EoI’s from interested companies. Bidders would have to submit their Expression of Interests (EoI) with a proof of availability of Funds to the tune of INR 1500 [...]
Posted by Hemal Shah on March 9, 2009
http://hemalshah.net/blogs/2009/03/satyam-update-a-new-owner-may-be-in-sight/
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