The information technology major, Satyam has been in news for about half year now. But the reason for it to be in news is not worth talking of now. Though it has been in news for no good reason till now, it has got reasons to breathe easy now. Its employees have a sigh of relief now as Tech Mahindra has won the auction of Satyam yesterday. It has acquired the company by bidding for Rs. 51 per share. It will cost tech Mahindra about Rs. 2,800 crores to acquire 51% of satyam’s share. The companies that participated in the bidding includes Larson and Tubro too.
Wednesday, April 15, 2009
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