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The long wait for satyam bidding update is finally over. Tech Mahindra one of the among satyam bidder list, won the bid for Satyam. Tech Mahindra got 31% stake in Satyam for a sum of Rs. 1,757 crore. The company will pay Rs. 58 per share. Earlier, BK Modi's Spice Corp had pulled out of the bidding process.

satyam share price currently ruling at Rs. 50/- As per our previous calculations satyam share price was Rs 75/
L&T, which has a 12% stake in Satyam, was front-runner to win the bid. L&T had offered Rs. 49.5 per share. "They (Tech Mahindra) have emerged as the clear winner. They had bid at 58 rupees ($1.16) per share," According to the process laid down earlier, the bid is for a 31% stake in Satyam. This will be followed by an open offer for another 20% in the company.

At 58 rupees per share, Tech Mahindra would have to pay about 32 billion rupees to 33 billion rupees for a controlling 51% stake in Satyam, reports wsj satyam latest news, satyam bid, satyam news, satyam, satyam bidders