Monday, December 29, 2008

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Satyam in crisis: Takeover rumours - Board meeting postponed


IBM, Accenture, Cap Gemini are in race for Satyam
A clutch of global IT services firms, including IBM, Accenture and Cap Gemini, could be suitors for Satyam Computer Services, according to IT analysts. The chances of a strategic takeover have brightened after the company announced the possible dilution of stake by founder and promoter B Ramalinga Raju on Saturday. 

Satyam could be first Indian outsourcing firm to merge 
India’s embattled Satyam Computer Services could become the country’s first large outsourcing company to merge or be taken over amid increasing doubts over whether its founding family still controls the company.

Raju seen facing reduction in Satyam stake
HYDERABAD: B Ramalinga Raju, chairman and founder of Satyam Computer Services, may see a considerable reduction in his stake in the company. This is because an investment company owned by Mr Raju's family may be facing margin calls from institutional investors because of the massive fall in the Satyam share price. 

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