JR Varma, Former SEBI member said that this is no real surprise and the bid price has come within the expected range. The credit is due to Satyam board for saving the company for 3 months. He said that the questions will be asked on conflicting interests between Tech Mahindra & Satyam Computers in case of common clients between both companies. He feels that the merger of Satyam with Tech Mahindra will be a positive.Akhil Hirani, Managing Partner of Majumdar & Co said that Tech Mahindra should cross the 51% threshold in terms of holding Satyam in open offer. He said that Tech Mahindra should get 20% or more subscription to open offer. The potential merger of Tech Mahindra-Satyam may be possible. There will have to be some realignments of common clients. If a merger happens, it may happen only after a year.
Som Mittal, President of Nasscom said that all three bidders for Satyam were worthy. He feels that Satyam-Tech Mahindra deal is synergistic for both the companies. Satyam clients are likely to be happy as the bidding process is over. Customers with Satyam would be glad that Satyam has a home.
Related posts:
- Tech mahindra wins bid for Satyam; to pay Rs 1757 crore for 31% at Rs 58/share
- Tech Mahindra has registered interest in participating in Satyam bid
- Satyam board is leaning towards 31% plus open offer
- Satyam files application to delist ADS from Euronext Amsterdam
- Mahindra Satyam BPO records profit in Q2: Sources.
