Strategic Sale of Satyam Computers
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Case Details:
Case Code : BSTR337
Case Length : 20 Pages
Period : 2008-2009
Pub Date : 2009
Teaching Note :Not Available
Organization : Satyam Computer Services Limited, Tech Mahindra Limited
Industry : Information Technology / Software Services
Countries : India
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Excerpts
Background Note
Satyam was incorporated in 1987 as a private limited company providing software development and consultancy services. Raju and his brother Rama Raju were the promoters of the company. Before starting Satyam, they were involved in other businesses like construction and textiles...
The Government Steps In
After Raju's confession and resignation, Ram Mynampati (Mynampati), President and Whole-time Director, was appointed as the interim CEO of Satyam.
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On January 09, 2009, Raju was arrested and the Indian government dissolved the board of the company. The CLB allowed the government to take over the management and control of Satyam...
The Bidders
In the first round, around 60 companies announced their interest in acquiring Satyam. Prominent among them were L&T, the Spice Group, Hinduja Group's HTMT Global Solutions, iGate Technologies, Tech Mahindra, IBM, HP, KKR Private Equity Investors, and Cognizant. In a press release dated March 09, 2009, Satyam asked all the interested parties to register their interest by participating in a competitive bidding process...
Excerpts Contd... >>
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