The Government nominated board of Satyam Computer Services has choosen its acquirer. It is Tech Mahindra.
The future of Satyam now will be Tech Mahindra as they out bid L&T by 9 INR per share. According to what I have read in Times of India website, Tech Mahindra bid for INR 58 while L&T bid for INR 49 per share. B. K. Modi’s spice group did not submit the final bid because of a difference of opinion in the way the auction should have proceded.
With this development, what is assured is that the future of the employees of Satyam Computer Services is now.