Satyam-Maytas Misadventure

Satyam Computers announced the buyout of 2 Infrastructure companies – Maytas Infra & Maytas Properties. Both are owned/operated by the sons of Satyam Computer’s Promoter/founder. The reason put forward was diversification in uncertain times. But the market did not like it and they crashed the script’s ADR’s price by almost 55% and as I write ...