Comments on: Tech Mahindra Acquisition of Satyam and Next Steps http://myorbit.tv/tech-mahindra-acquisition-of-satyam-and-next-steps/ Online Business Channel Fri, 16 Dec 2011 10:23:06 +0000 hourly 1 http://wordpress.org/?v=3.1 By: MyOrbit-Team http://myorbit.tv/tech-mahindra-acquisition-of-satyam-and-next-steps/comment-page-1/#comment-266 MyOrbit-Team Sat, 18 Apr 2009 15:55:29 +0000 http://myorbit.tv/tech-mahindra-acquisition-of-satyam-and-next-steps/#comment-266 Updates: Tech Mahindra has to deposit Rs 1,756 crore for acquisition of 31% equity stake in Satyam in escrow account by April 21. Then, Tech Mahindra’s board appointees can work with the government-appointed board to execute the board transition. Btw, interim Chairman Kiran Karnik said today that up to 10% of Satyam's workforce (about 4500 people) could be redundant as its founder may have hired excess staff to hide the financial fraud. Updates:
Tech Mahindra has to deposit Rs 1,756 crore for acquisition of 31% equity stake in Satyam in escrow account by April 21. Then, Tech Mahindra’s board appointees can work with the government-appointed board to execute the board transition.

Btw, interim Chairman Kiran Karnik said today that up to 10% of Satyam’s workforce (about 4500 people) could be redundant as its founder may have hired excess staff to hide the financial fraud.

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