After a huge Satyam scam that is committed by Satyam Computer Services ltd, Satyam’s board agreed to conduct an auction to decide the new owner of it. The race was won by highest bidder Tech Mahindra.

Tech Mahindra,who is the present owner of Satyam had already informed about the open offer price of stakes which was Rs.58 per share. SEBI is now likely to relax the price which is not known clearly as of now.

What is all about this offer?
Everybody who owns Satyam shares can participate in this offer. Tech Mahindra has already acquired 31% stake of Satyam.

L&T is holding roughly 12% stake.

So this adds upto 43% shares. There are a few organizations holding 1% but let’s just not put that into our calculation.

The shares remaining will be 57% .

Tech Mahindra has to acquire minimum of 20% out of this 57% to have a total of 51% stake.

Hence owners of satyam stakes will be able to sell  all35% of it with the assumption that the whole of 57% shares are encountering in open offer.

More on this
The open offer for acquiring 20 per cent equity in Satyam at Rs 58 per share is set to commence on June 12 and close on July 1.

While market regulator SEBI has ruled that the open offer price cannot go below Rs 58 per share, the acquirer, in its public announcement, has said that it can raise the offer price by June 22.

“As the offer price cannot be revised during seven working days prior to the closure of the offer, it would, therefore, be in the interest of shareholders to wait until the commencement of that period to know the final offer price,” Tech Mahindra said.

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