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Tech Mahindra Got It All - The New Master of Satyam

Finally, a ray of hope for Satyam employees as their question-mark career is going to get boast from Tech Mahindra, a part of Mahindra & Mahindra telecommunication venture. This change of fortunes took place after Tech Mahindra successful bid to get a controlling stake in Satyam Computer services.

The Mahindra & Mahindra telecommunication venture 'Tech Mahindra' placed the highest bid beating the giant engineering conglomerate of India 'Larsen and Toubro.' The winning enterprise placed a bid of $331 million for 31% stake in auctioned company and also wishes to buy another 20%.

M&M venture's Satyam acquisition move is going to be a great step, as it will help Tech Mahindra in diversification of its IT business and stepping up in new arenas apart from telecom.

Note - Satyam stirred the controversy first when its founder chairperson B. Ramalinga Raju admitted a billion dollar fraud

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