Tech Mahindra wins the BID for Satyam Computers and the bid was for 58 rs , So they will paying 1757 crores for 31 percent holding from Satyam and they would be paying 2890 crore to acquire 51 percent stake in satyam .
Larsen toubro bidded for only 49 rs.
More over LNT doest have any plan to sell the current stake in Satyam.
Showing posts with label Satyam. Show all posts
Showing posts with label Satyam. Show all posts
Tuesday, April 14, 2009
Monday, April 13, 2009
Satyams bidding has begun !
Bid for Satyam has begun.
Bidders for Satyam are -
Winner to get four days to deposit money.
Investors can take the position in this stock below Rs 53 levels from short term view.
PS - Satyam should now go in good hands.
Bidders for Satyam are -
- Larsen & Toubro
- Tech Mahindra
- Wilbur L Ross & Co
- Cognizant
Winner to get four days to deposit money.
Investors can take the position in this stock below Rs 53 levels from short term view.
PS - Satyam should now go in good hands.
Sunday, April 12, 2009
Satyam gets ready for a new owner.
Satyam Computer Services is all set to get a new owner, as the board gets ready to open the final bids on Monday. This will help put the company back on track after the admission of the Rs 7,000 cr fraud by its own founder and chairman Ramalinga Raju.
The new buyer is likely to phase out the brand Satyam to help rebuild the company.Whosoever the new owner may be, it will certainly be a good buy considering the marquee client list, and the depth of experience with the Satyam staff.
The board has invoked some clauses like the winner cannot leverage Satyam’s assets and cannot sell them for a required period of time. But despite the over $100 mn in liabilities and a loss of about 40 clients in three months like State Farm Insurance, Coca-Cola, it continues to draw interest from global players like IBM, Cognizant Technologies, British Telecom, and Wilbur Ross and local players like L&T, TechMahindra and so on.
The new buyer is likely to phase out the brand Satyam to help rebuild the company.Whosoever the new owner may be, it will certainly be a good buy considering the marquee client list, and the depth of experience with the Satyam staff.
The board has invoked some clauses like the winner cannot leverage Satyam’s assets and cannot sell them for a required period of time. But despite the over $100 mn in liabilities and a loss of about 40 clients in three months like State Farm Insurance, Coca-Cola, it continues to draw interest from global players like IBM, Cognizant Technologies, British Telecom, and Wilbur Ross and local players like L&T, TechMahindra and so on.
Wednesday, February 4, 2009
Some facts about Ramalinga Raju's Lifestyle.
The disgraced IT czar Ramalinga Raju had 321 shoes, 310 belts, 1000 suits. This shows that he was addicted to fashion. He liked to dress well.
More over he used to donate Gold in form of charity to many big temple in Andhra Pradesh. If collated it would be a very huge number of 2 tonnes.
More over he has a telescope valued over Rs 1 crore. I don't understand why he needed a telescope.
He liked to collect trophy properties around the world. He had mansions and villas in over 63 countries according to source. TOI
In any ways he didnt help Satyam.
More over he used to donate Gold in form of charity to many big temple in Andhra Pradesh. If collated it would be a very huge number of 2 tonnes.
More over he has a telescope valued over Rs 1 crore. I don't understand why he needed a telescope.
He liked to collect trophy properties around the world. He had mansions and villas in over 63 countries according to source. TOI
In any ways he didnt help Satyam.
Tuesday, January 20, 2009
Are u angry on Ramalinga Raju? Then hit him with a rotten egg on his face.
Its time for Raju to taste some rotten eggs as its his turn after George Bush shoe game. Now hit Ramalinga Raju on his face with rotten eggs and the person who hits the maximum time gets a chance to win an i-pod Try out now. (Nail The Thief)Ramalinga Raju has actually screwed his reputation. Till now he has tasted 267007 eggs! Hit him.
He deserves it. You have 30 seconds hit as many as u can.
Play Now.
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Thursday, January 15, 2009
Worlds top 5 outsourcing countries.
I was reading Business Week online and came across a survey which showed the worlds top outsourcing Countries.
India is in top 5 but at the 5th position.
This survey was conducted by Gartner when Satyams fraud was detected.
The survey was based on the following criteria -
Language
Government support
Labor pool
Infrastructure
Educational system
Cost
Political and economic environment
Cultural compatibility
Global and legal maturity
Data and intellectual property security and privacy
The Top Five -
No. 1 - Canada.
No. 2 - Australia , Ireland.
No. 4 - Singapore.
No. 5 - India and New Zealand.
India was beaten up the most in Infrastructure and was rated poor in it.
Cultural compatibility was another are where it was beaten.
India can be a massive global giant even if the infrastructure is well designed. It can surely land up in top 3.
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India is in top 5 but at the 5th position.
This survey was conducted by Gartner when Satyams fraud was detected.
The survey was based on the following criteria -
Language
Government support
Labor pool
Infrastructure
Educational system
Cost
Political and economic environment
Cultural compatibility
Global and legal maturity
Data and intellectual property security and privacy
The Top Five -
No. 1 - Canada.
No. 2 - Australia , Ireland.
No. 4 - Singapore.
No. 5 - India and New Zealand.
India was beaten up the most in Infrastructure and was rated poor in it.
Cultural compatibility was another are where it was beaten.
India can be a massive global giant even if the infrastructure is well designed. It can surely land up in top 3.
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