Tag: Tech Mahindra

  • Its Tech Mahindra finally: The Satyam aquirer

    Its Tech Mahindra finally: The Satyam aquirer

    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 for INR 49 per share. B. K. Modi’s spice group did not submit the final bid because of a difference of opinion in the way the auction should have proceded.

    With this development, what is assured is that the future of the employees of Satyam Computer Services is now.

    Satyam Computer Services: No longer this Logo will be used? I hope not!!!
    The new Owners: How long they will be able to drag Satyam

  • 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 reason. What is going on is something every one is guessing!

    Tech Mahindra and L&T would benefit the most from this acquisition since they have their own set ups and this move would be a inorganic growth for both the firms. Arranging finance would be a problem for Tech Mahindra without active backing from the parent group, Mahindra, while Spice is full of cash following the recent sale of Spice Communications. (more…)