How did Satyam sell for 2900 crore?

How did Satyam sell for 2900 crore?
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First Published: Thu, Apr 16 2009. 01 30 PM IST

Updated: Thu, Apr 16 2009. 06 55 PM IST
The biggest news in the Indian business world this week was Tech Mahindra’s successful acquisition of Satyam, at a price of nearly 2,900 crore rupees for a 51% stake.
On Just to Clarify this week, we look at how beleaguered, fraud-hit companies like Satyam are valued, what bidders look for during due diligence, and on Satyam’s part, what its board would look for in potential buyers.
Our guest on Just to Clarify today is Jayant Thakur, a Mumbai-based chartered accountant in independent practice. Mr. Thakur specializes in securities as well as mergers and acquisitions.
As always if you would like any aspect of the news clarified, just write in to Samanth Subramanian at samanth.s@livemint.com
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First Published: Thu, Apr 16 2009. 01 30 PM IST