Tech Mahindra will acquire Satyam Computers at approximately $1.5/share for approximate total of $577.8 M (2889 Crores INR at 58 Rs/share ) Satyam Computer will operate as a separate entity with separate liabilities. There were other bidders too – L & T, Cognizant etc.
Tech Mahindra will buy31% stake in Satyam by paying $351.4 M approximately (1757 Crores INR). The transition procedure will be long and it will happen gradually. Tech Mahindra and Satyam Computers together will be a good competition to Indian/Major World IT Consulting Companies. They will be in same league as Infosys, Tata Consultancy Services, Accenture, IBM etc.
Tech Mahindra’s stock soared during trading at BSE.
This move is a good one for Satyam as a company but as usual with merger and acquisition there will be shredding in some division and removal of redundant positions at executive levels.
Dipesh Khakhkhar India, Merger and Acquisition, Software Acquistion, Bought, IT Consulting, Satyam Computers, Tech Mahindra
I read about Nina Paley (A cartoonist ) in NY Times some time back and came to know that she is working on some animated movie based on Indian mythological history.
Her brilliant piece of work is now available online – Sita Sings The Blues and details about this animated movie can be found here
This movie is about her – and she has shown this movie through the medium of Ramayana (Epic Indian Mythological story about Lord Rama) – by seeing Ramayana from Sita’s (Lord Rama’s wife). Nina has resembled her life with Sita using amazing colorful animation and smooth songs. She has blended the commentary by three Indians and animation style for event visualization in a completely innovative way. She has put good amount of effort (approximately 5 years) to study Ramayana and come out with this beautiful piece of art. It’s a very brave attempt to correlating her life with Sita and she has used her imagination very subtely.
This movie is very englighting and amusing and throws a completely different perspective to Ramayana and it is very informative for people new to Indian culture or trying to know the Indian culture. (I would suggest to see other version of Ramayana which is equally entertaining and delightful.)
Dipesh Khakhkhar Animated, India, Movie, Mythological History Animated, Indian Mythological History, Lord Rama and Sita, Movie, Nina Paley, Ramayana
