Talking about the Satyam stake sale, BK Modi, Chairman of Spice Group, said he was waiting for the Satyam's board decision. "I hope the board goes for a 51% stake sale." he said.
Modi, however, added he was not sure of acquiring additional 20% stake through open offer. “We will have to rethink our bidding if it is at 26%,” Modi said.
Modi added they would value Satyam on the basis of its revenue model and clients and will also assess liabilities like class action suits.
Modi also made it very clear that he won’t be interested in Satyam if the bidding process is not transparent. He added he would favour an e-auction for Satyam as that would be most transparent process.
No comments:
Post a Comment