Mindfields

Feasibility of Satyam sale in question

Feasibility of Satyam sale in question

11 Mar 2009 | The Australian Financial Review

Doubts are emerging over the feasibility of the proposed sale of disgraced Indian technology giant Satyam Computer Services after it invited bids from companies interested in taking a majority stake.

The director of independent consultancy Mindfields, Mohit Sharma, claimed the acquisition process had been set up to fail, as bidders would have access Satyam’s restated accounts for the last three years once they had been shortlisted as potential buyers. A lack of clarity around the enormous liabilities tied to the company as a result of US class action suits and problems in assessing the true worth of Satyam made a sale highly unlikely, he said.

Read the full article >>

RSS Feed

AirTrunk staffs up f

Posted on Thursday May 25, 2017

Critical infrastructure gets shipped in.

Read More >>

ASIC looks to expand

Posted on Thursday May 25, 2017

Wants new liaison group and more tech trials.

Read More >>

IBM opens fourth Aus

Posted on Thursday May 25, 2017

Increased demand for Watson and Bluemix.

Read More >>