Now it seems that L & T is in the race for acquiring control over management of the Satyam but it is still unclear that they are really in the race for the company or they have averaged out their intial cost of acquiring of 4% in the company !!!!
But the real problem rise when L&T will rise his stake to 15% then open offer will triger and as per SEBI guideline open offer price should not be less then that of 6 months avg. closing price of the stock and that will surely make headache for L&T and cheer for the shareholder :) .....
My intitution says that unless the investor has the very high appetite of risk they should away from Satyam. Because picture is still not clear and accounts are not clear.. And one should not on the news that banks are ready to give loans of amount 900cr, they agreed to pay against the physical property and receivables......
contact me. rranjan27@gmail.com
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