Tech Mahindra The Heighest Satyam Bidder - It is now official that the Satyam Fraud dark cloud is going to see a new sun shine in the form of Satyam takeover by Tech Mahindra / Venturbay Consultants Private Limited going to reality with the announcement of "Tech Mahindra Highest Bidder". You can see the Satyam website screen shot below where how the colorful TM banner is, showing the takeover just one step away need approval of the Hon'ble Company Law Board which is very sure to be positive.

The Satyam Company is currently managed by a Board appointed by India Government on January 9, 2009. It took 3 months to reach at takeover decision at a concrete point. Kiran Karnik, the Chairman of current Board expressed his feeling “On behalf of all Satyamites and their families, we congratulate Tech Mahindra on being the highest bidder."

He further added "The selection of the highest bidder, in a fair, open and transparent process, signals a new stage for the Company in its progress towards stabilization and growth. We hope this will infuse greater confidence and comfort amongst customers, who continue to be happy with Satyam's excellent service delivery. This event ought to dispel the anxiety of all stakeholders as it re-positions the Company’s commitment to revival and good governance.”

For further details have a look the Satyam Company press release.

The good news about Satyam has boosted it's share price. International media has also covered the Satyam deal line BBC News and Wall Street Journal saying INR17.56B Offer.