3 reasons why Tech Mahindra - Satyam buyout makes sense
By Aditya Mhatre at 13 April, 2009, 10:01 am
Finally, after 3 months and 6 people behind bars, Bidding for Satyam ended and Tech Mahindra won the race. Tech Mahindra offered Rs 58 per share (total - Rs.1756 crores) for a 31% stake in Satyam. It’s not very often that a buy out of this maginitude makes so much sense. Here are a few [...]
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Satyam Fraud: 2 PwC auditors arrested
By Aditya Mhatre at 25 January, 2009, 12:51 am
In one of my earlier post, I had questioned the lack of action against PwC, Satyam’s Audit firm. And finally, 2 PwC partners who had signed the Satyam audit reports have been arrested by the Crime Investigation Department (CID) of the Andhra Pradesh police on Saturday on charges of conspiracy, failure to scrutinize records and [...]
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Infosys not to hire Satyam employees
By Aditya Mhatre at 9 January, 2009, 3:56 am
Infosys has reportedly asked its HR to refrain from hiring Satyam employees. I think it is important for companies like Infosys to be a bit more sensitive towards the Satyam employees who to say the least had no idea about how this week would change their lives.
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What do the culprit of Satyam fraud deserve
By Aditya Mhatre at 8 January, 2009, 5:47 am
The Satyam fraud revelation in an already bearish market has almost killed most of my belief in stock market. As tips to be a good investor, I was taught to study the books of the companies, check if the company has the A-listers of the corporate world as board members, a good external auditor, and [...]
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