At last the D’Day came and the decision was taken. 13/04/2009. A new beginning for all the satyamites and Tech Mahindraites. Though from the morning the ball was on the court of L&T Infotech but lastly MBT(Tech Mahindra) manages to win the bid.A Rs.1751 Cr bid by the Mahindra management confirmed 31% stake for them. For the time being it would be in transition and Tech Mahindra would be treating as a Subsidiary like a special purpose vehicle unlit a Rs.2889 Cr deal fetches them a 51% share of the fraud drowned company. It’s basically done on da basis of Rs.58/share. Risks are still plying in the market regarding investors and clients who may or may not lap it up. So any decision made is being kept strictly confidential. Tech Mahindra governing body therefore are not keeping any liabilities on their side. Also no leverage is being entertained. The implied market capital for Satyam would be @Rs.5664Cr. Incidentally both Tech Mahindra(Rs.364.10, 13.31% high) and Satyam’s(Rs.49.35, 1.95% high) share prices showed some positive movement this morning. So it’s a new flag off and ours is to wait and watch. For the employees and the recruited students who are still awaiting their offer letters, it’s a new hope for a new future, keeping their fingers crossed.
Speak Up
- Poor is the New Black (3)
PC, I understand your concern. But I am afraid the comparison you draw doesn’t stand. I wonder how it at all...
BUt it’s also brave to admit it.
Very well put. I see another form of discrimination where I work. Having studied and worked all my life in...
- যদি থাকত (6)
- An Other Agneepath (11)
- WBJEE: Big Loophole In Exam System (2)
- Why I Quit Facebook (9)
thnk i should stop this….time consuning..
LOL for “withdrawal symptoms”….
Nipon Ji, You have described the very problem. You mention the vast number of people who are uncool and who pollute....
- POETRY: Tower (2)
khub chomotkar!!!
- JKTyre BAJA SAEINDIA 2009 (15)
how you selected the brakes?where can we get its complete specification?
- Rape and the city (2)
Feeling scared for the women of West Bengal.The gospel of justice cries in silence.
Facebook: to leave or not to leave?Dear lord! What is this? Is this thing meant for the visually impaired? – Mayukh De, on the New Facebook Profiles. Well if you ask me, I kind of like the profile summary that sits at the top. Languages I speak is also a welcome addition. But the design is a #FAIL! Apart from the [...]
Hundred and One Ahmedabad NightsThe beige skirt was lifted briefly by a waft of breeze, and then rested lightly on her olive thighs, tapering down into warm, caramel legs, ending in matching beige pumps. But he wasn’t looking at any of that. What he couldn’t take his eyes off was the zip at the back of the skirt, ripping through it [...]
Has Maddox Square lost its charm?During the course of those late-night group chats, thanks to Google, me and my two old buddies, Nipon and Chandradeep were discussing on the aforesaid motion on a highly intellectual note. We ultimately decided to write this on Bong Buzz and poke others to gather opinions and ideas. Maddox Square aka Ballygunge Durga Puja Samiti, [...]
IntoxicationThe dancing colors, of half-formed words, Dancing to a frenzy, within my head, And when I close my eyes to the outer world, Heaven and Hell meet beside my bed. And the music within, it grows louder, come, Now dance the colors, just dance with me. Listen to the beating of the faraway drum, Lets [...]
Byomkesh Bakshi – Gripping!My initial delight at the news of the ressurection of the Byomkesh franchise, decades after Satyajit Ray’s Chiriakhana, was soon fraught with scepticism, for old school detective stories were by no means considered Anjan Dutt’s forte, and it remained to be seen to what effect the self-styled director, known for his comfy factor with themes like Anglo-Indian community or rock music, could revive Byomkesh!
Wisdom II – RestorationThe city was lit bright, this time by the 4th of July fireworks, red, green and fiery orange. The upside-down rock must be dark this night too, it must’ve been damp just like last time, a chilly breeze must’ve flown over it. But I will never know again because I will never go there again. [...]