The company bid the highest at Rs 58 per share leaving behind the rivals including L&T and Wilbur Ross.
L&T seen as the most strong contender posed a bid price of 46.50 Rs and Wilbur Ross bidding with just a 20 Rs per Share.
The Fraud hit company was hit by a massive sell-off, when in January ex. CEO Mr. Ramalinga Raju declared his plot of Rs 7000 crore+ fraud in public.
Tech Mahindra will have to pay Rs 1,757 crore to buy a 31% stake in Satyam Computer Services. The IT co will have a market cap of Rs 5,666 crore on expanded equity and diversified portfolio will be an added advantage. Tech Mahindra will have to pay a total of Rs 2890 crore for 51% stake in Satyam.
The acquisition will help the company, an arm of the Mahindra & Mahindra Group, to diversify into new areas instead of just depending on the telecom sector.
L&T, on the other side is positive to hold its 12% high rate stocks and equity balances of Satyam Computers.
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