2. However one out of the below 3 companies can be the final winner for the strategic control in the company.
(a) Larsen and Toubro
(b) Spice group- Rich with cash as it has sold its telecom arm. Spice is more interested in acquiring the company and has even recommended an eauction and that too without having a look at the financials of the company which speaks of the interest of the company in the stock. Spice may not be in the race because of the stipulation that the bidder should have an interest in IT segment before hand and on this count L&T and Tech Mahindra holds true.
(c) Tech Mahindra- Has lost its Fitch ratings after bidding for Satyam.
3. Private equity players in race to acquire the company are as following:
(a) General Atlantic
(b) Blackstone
(c) KKR
(d) Carlyle group