Ghotala.in

Will Satyam be bought over? Tech Mahindra seems interested.

Even as investigations in the Satyam saga continue, efforts may be on to sell Satyam either as a whole or in bits and pieces. But are buyers interested and what will the deal look like?

NDTV has learnt that:

• Tech Mahindra is still interested in a merger option with Satyam
• Tech Mahindra is keen on a the deal at the earliest
• Tech Mahindra willing to do its independent due diligence of Satyam
• Tech Mahindra not willing to take on non-business related liability of Satyam
• New board members agree that they have offers from various suitors

  “However, many suitors may be interested in buying parts of Stayam rather than the whole company,” Tarun Das, board member, Satyam.

• Satyma gets almost 40 per cent of its business through SAP
• And suitors may be interested in getting that business
• Even the BFSI business will be a target for many buyers
• Essar has already evinced interest in Satyam’s BPO business

  But most eyes are on companies like L&T, which through Satyam may be looking to give their infotech business, the required scale.

  L&T already has a 4 per cent stake in the company and its top officials have already made the rounds of the Corporate Affairs Ministry, further fuelling reports of its interest.

  But the big concern which will have a direct impact on Satyam’s valuations will be its liabilities and how much of it will have to be borne by its new owners.

Source / courtesy : NDTV