Showing posts with label Satyams Bids. Show all posts
Showing posts with label Satyams Bids. Show all posts

Tuesday, April 14, 2009

Tech Mahindra wins the BID for Satyam Computers!

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.

Monday, April 13, 2009

Satyams bidding has begun !

Bid for Satyam has begun.
Bidders for Satyam are -
  • Larsen & Toubro
  • Tech Mahindra
  • Wilbur L Ross & Co
  • Cognizant
The bidding has started and the bid price is arround 55 to 65 Rs per share.
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.