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Q.

When the corporate giants such as Tech Mahindra, Wipro, TCS, HCL have failed to takeover Satyam, which IT firm would be in a position to take it over? What could possibly be the fate of the company?

Asked by r, 07 Jan '09 10:50 pm
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Answers (2)

1.

You have understood the whole thing wrong. None of the IT majors have failed to take over Satyam. Right now, none of them want to do that. It isn't such a difficult thing. With even 1000 crores, they can actually buy out 60% of Satyam, at the prevailing prices. The issue is different. Right now, it is in a nascent stage, the level of the fraud. No one knows what is the actual fraud, what does the balance sheet actually say on the 'assets' and 'liability'. No one wants to take on a liability without knowing what would be future cost and the unending litigations that would follow. May be, you have not considered the Company Law and other Laws of the country. When a new entity buys out a company, every asset and liablity, which includes the onus of fighting the legal litigations fall on the new take over entity. They may even have to pay damages for a past act. That is the rule. Right now, Govt has constituted a Board by naming 3, who will decide on the rest 7. They will try and stab ...more
Answered by Omega, 11 Jan '09 03:33 pm

 
  
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2.

I think Sir Ratan Tata should kook in 2 the matter and try and merge it in TCS
every one trusts tatas
Answered by viral gada, 07 Jan '09 10:54 pm

 
  
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