Good news to all the stake-holders and the employees: Tech Mahindra buys Satyam Computers. They have bid for the company at RS 58 and are a clear winner in the race to buy Satyam.
L&T's bid was at Rs 45. Even though L&T have lost in the bidding, they sure must be happy to know that their investment (close to 13%) in Satyam is in good hands.
Lets hope that Tech Mahindra will be able to bring the company back to its glorious days.
Tuesday, April 14, 2009
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