April 13, 2009
Tech Mahindra, which as emerged at as highest bidder for Satyam, plans to run the scam-hit company as a separate entity, with separate liabilities, sources told NDTV.
Earlier after bidding for Rs 58 per share, Tech Mahindra would pay Rs1,757 crore for a 31 per cent stake in Satyam. The sources added that Tech Mahindra has secured complete funding to acquire a 51 per cent stake in Satyam.
January 8, 2009
Yes would be the answer of most the Corporate today by seeing what happened to Satyam. Most of the Indian corporate accept that loopholes must be plugged in regulation, audit and governance to restore the confidence of the stakeholders in corporate firms.
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Source: MetricStream | ComplianceOnline