Race for Satyam ends, Tech Mahindra Wins at 58 per share
April 13th, 2009
The three months race for the Satyam has ended today. The Govt. Appointed board has finalized the Tech Mahindra which submitted highest bid of Rs.58 per share has won the bidding race.
The other two bidders in the race L&T
Tech Mahindra will get 31% stake at Rs 58 per shares and will have to make open offer at same rate for another 20% stake.
Total cost for Tech Mahindra will be 2890 crores for 51% stake.