Who Will Buy SATYAM ?

Satyam  which has been in buzz for accounting fraud is eyed by many corporate house.Six-seven companies have shown interest in a complete takeover of Satyam Computer Services, Mr  Tarun Das ,a board member of the IT services firm said. Suitors include global and Indian IT firms, besides private equity funds. He  declined to reveal the names of the potential buyers. 

here are most probable buyers list:

 Larsen and Toubro, which holds a 12% stake in Satyam, is considered to be the front-runner for the company.

"L&T has so far invested Rs 650-670 crore in the company for acquiring a 12 per cent stake," L&T Executive Vice-President (Finance) R Shankar Raman said.
Raman said L&T had acquired a four per cent stake in Satyam in three to four days before December 31.

 

Next  on the list is Tech Mahindra,which is keen to buy Satyam’s BPO.

Tech Mahindra are waiting for a clear picture on the liabilities. Says Tech Mahindra’s president (international operations) CP Gurnani: “We are uninterested in Satyam until we get the re-stated balance sheet and the quantification of the legal liability.” 

 

A Essar official said the company is interested only in the BPO arm of Satyam.

 

 iGATE also stated its interest to buy satyam

 

 

Spice Group’s  which has sold its Telecom arm to Idea also today said its clearly watching all options to take 51% shares.

 

Today Hinduja Group  expressed its interest - Hinduja Global Solutions, the new industry arm of the Hinduja Group, has $130 million of cash in books to mount the takeover bid. “If a proper and transparent bidding process is followed, we are definitely interested in Satyam said  non-resident industrialist BK Modi.

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Private equity firms Texas Pacific Group and General Atlantic are also believed to be in the fray, expected to mount a bid with an Indian IT firm. 

 

Fidelity International which has rised it pie yesterday in satyam,becoming 2^nd largest shareholder after L&T may also turn up as potential bidder.