1. It is for good that Satyam and Maytas infra deal has been called off as it was like back stabbing the investors. As a net effect of this deal where only promoters of both companies who are incidentally were to be benefitted had kept the interests of share holders at altar and had gone for the deal where Satyam was to finance the ailing Maytas Infra company. I must say that the management must be held accountable as it led to 58% crash in ADR overseas and now major rating agencies namely Citi has downgraded Satyam from buy to sell, to Rs 170/share versus Rs 305/share earlier and Kotak Mahindra has placed reduce on share with a target of Rs 253/share.
2. Such irrational decisions can spell disaster for Indian economy as what terrorists can not do our economy, same can be done by such irresponsible promoters who can shoo away all these foreign investors.
17 Dec 2008
Satyam- Maytas Infra Deal Impact
Satyam- Maytas Infra Deal Impact
2008-12-17T19:07:00+05:30
Analyst
Satyam Computers|
Subscribe to:
Post Comments (Atom)
MOST POPULAR POSTS AS CHOSEN BY 12 LAKH READERS & SUBSCRIBERS WORLDWIDE