Strategic Sale of Satyam Computers![]() ![]() ![]() ![]() |
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"There is a palpable sense that Satyam is going to be a viable and strong entity. This is based on the personal communications I have been receiving and my interactions. Satyam is not a sinking ship, though it is not a racing craft yet."1 - Anand Mahindra, Vice-chairman and Managing Director, Mahindra Group and Chairman, Tech Mahindra in 2009. "The Board and the Indian government worked together to induct a strategic investor in record time. I am pleased to learn that Tech Mahindra is eager to maintain that pace. They've lost no time in moving onto next steps."2 - Kiran Karnik, Chairman of the Government Appointed Board at Satyam, in April 2009.
Resurrection of SatyamOn April 13, 2009, the government appointed board of India-based Satyam Computer Services Limited (Satyam)5 announced that Tech Mahindra Limited (Tech Mahindra), a joint venture between the India-based conglomerate Mahindra & Mahindra6 and the UK-based BT Plc7 had been chosen as the preferred bidder for the acquisition of the beleaguered Satyam. Strategic Sale of Satyam Computers - Next Page>>
1] "Satyam to Stay in Hyderabad," http://timesofindia.com, April 21, 2009.
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