Satyam Saga Finale: Tech Mahindra Wins Bid

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Tech Mahindra on Monday outbid L&T and others and won the Satyam bid, as per CNBC TV report

According to CNBC , Tech Mahindra will pay Rs 1757cr for 31% stake in Satyam. It will pay Rs 58 per share of the company. Meanwhile engineering firm L&T reportedly made an offer of around Rs 49 for each Satyam share.

As per TOI , L&T, Tech Mahindra and Wilbur Ross had all put in technical and financial bid for Satyam Computer Services earlier on Monday.

BK Modi's Spice Corp did not submita bid for Satyam. "We have not submitted bid for Satyam. Our board wanted e-auction and since there is no e-auction, so we decided not to participate in the process," Spice Corp chairman B K Modi said.

According to PTI sources, Cognizant Technologies also did not put in its bid to acquire stake in the firm.

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