Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Why do you think ONLY L & T is interested in Satyam shares (considering its financial and organizational strength)? Is L & T planning to buy out Satyam or does it seem to have any other plans?

Asked by r, 29 Jan '09 06:56 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (3)

 
1.

This is purely my take on the issue. No IT company in India or any MNC IT with a presence in India would probably go for buying out Satyam, because most of them would be in competing business. That means, if they are to buy it out they would have to merge Satyam to their own and integrate their business which will be a long winding process. === There is right now so much of confusion, so much of skepticism about Satyam because no one really knows the extent of damage done to the company in terms of the financial fraud committed. Indian industry, by and large are very conservative, cautious and reluctant to get into such adventures except may be Reliance of Anil Ambani. The promoters are all old timers, with a different view on such things and they fear their own valuation would go down if they venture into such a thing, which may be considered dare devilry by the public at large. So, they are keeping it out. === L&T, I wonder whether if you know doesn't have a any promoters. L&T was f ...more
Answered by Omega, 30 Jan '09 01:43 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Larsen & Toubro (L&T), which has 3.9% holding in the stained Satyam, said that it will neither buy nor sell its shares over the next few sessions, reports Economic Times.

The company said that they cannot buy Satyam the way it was earlier priced they invested in 4-5%.

Their idea was to strike some sort of go to market strategy, some sort of strategic alliance.

The company further said that at this point in time they are not the right people, they don`t want to come closer when so much of statutory investigation is going on.

Shares of Larsen & Toubro closed down Rs 55.45, or 7.15%, at Rs 720.10. The total volume of shares traded at the BSE was 1,648,684 (Friday). Retrieved from News on the Internet .
Answered by Jack Johnson, 29 Jan '09 07:02 pm

 
  
Report abuse
Useful
 (2)
Not Useful
 (0)
Your vote on this answer has already been received
3.

I think so
Answered by Dinesh C S, 27 Jul '09 09:05 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining